EnerSys (ENS) to Issue Quarterly Dividend of $0.24 on December 27th

EnerSys (NYSE:ENS) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.24 per share by the industrial products company on Friday, December 27th. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, December 13th.

EnerSys has increased its dividend by an average of 4.6% per year over the last three years. EnerSys has a payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect EnerSys to earn $9.66 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 9.9%.

EnerSys Trading Down 2.2 %

ENS stock opened at $94.09 on Wednesday. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The business’s 50-day moving average is $98.50 and its 200 day moving average is $100.89. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.59 and a beta of 1.22.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. During the same period in the prior year, the company earned $1.84 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that EnerSys will post 8.86 EPS for the current fiscal year.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ENS has been the subject of several research reports. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Roth Mkm reiterated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, EnerSys has a consensus rating of “Buy” and an average price target of $118.00.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.