EnerSys (NYSE:ENS) Announces $0.24 Quarterly Dividend

EnerSys (NYSE:ENS) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors 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 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 13th.

EnerSys has raised its dividend payment by an average of 4.6% per year over the last three years. EnerSys has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EnerSys to earn $9.93 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 9.7%.

EnerSys Price Performance

ENS traded up $1.39 during trading on Friday, reaching $97.11. 47,051 shares of the company were exchanged, compared to its average volume of 244,106. The company’s 50-day moving average is $99.87 and its two-hundred day moving average is $100.62. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.61 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. EnerSys has a 12-month low of $83.27 and a 12-month high of $112.53.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The business had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 EPS. Research analysts forecast that EnerSys will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ENS has been the subject of several research analyst reports. Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.