Enersys (NYSE:ENS) is reporting second quarter earnings results on Wednesday 11th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.98 per share from $ 723.61 million in revenue.
For the full year, analysts predict revenues of $ 2994.45 million, while looking forward to income of $ 4.37 per share.
Previous Quarter Performance
Enersys recorded income for the first quarter of $ 0.92 per share, from the revenue of $ 704.90 million. The quarterly earnings 29.23 percent while revenues down 14.04 percent compared with the same quarter last year.
According to street consensus, ENS was expected to report 1Q21 income of $ 0.67 per share from revenue of $ 690.29 million. The bottom line results beat street analysts by $ 0.25 or 37.31 percent, at the same time, top line results outshined analysts by $ 14.61 million or 2.12 percent.
Stock Performance
Shares of Enersys traded up $ 1.76 or 2.16 percent on Tuesday, reaching $ 83.08 with volume of 379.60 thousand shares. Enersys has traded high as $ 84.39 and has cracked $ 82.30 on the downward trend
The closing price of $ 83.08, representing a 130.96 % increase from the 52 week low of $ 35.21 and a 3.64 % decrease over the 52 week high of $ 84.39.
The company has a market capital of $ 3.53 billion and is part of the Technology sector and Electronic Components industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.175 per share on August 12, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on September 11, 2020 and ex-dividend date on September 10, 2020.
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
