EnerSys to Issue Quarterly Dividend of $0.24 (NYSE:ENS)

EnerSys (NYSE:ENS) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.24 per share by the industrial products company on Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th.

EnerSys has raised its dividend by an average of 9.9% annually over the last three years.

EnerSys Stock Up 1.5 %

ENS opened at $96.13 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.55 and a beta of 1.22. The firm has a 50 day moving average price of $94.75 and a 200-day moving average price of $97.90.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. Equities research analysts forecast that EnerSys will post 9.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ENS has been the subject of a number of research reports. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $117.50.

Insider Activity

In related news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.61% of the company’s stock.

About EnerSys

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.