EnerSys (NYSE:ENS) announced a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.175 per share by the industrial products company on Friday, December 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, December 13th.
EnerSys has increased its dividend by an average of 2.5% per year over the last three years. EnerSys has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect EnerSys to earn $6.01 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 11.6%.
ENS opened at $79.20 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.40 and a quick ratio of 2.53. EnerSys has a 52 week low of $62.85 and a 52 week high of $89.72. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.41.
EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 7th. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.01. EnerSys had a net margin of 4.54% and a return on equity of 17.46%. The firm had revenue of $660.50 million during the quarter, compared to analyst estimates of $659.18 million. During the same quarter in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that EnerSys will post 5.14 EPS for the current year.
ENS has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, October 4th. Citigroup lifted their target price on shares of EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, October 4th. ValuEngine raised shares of EnerSys from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Zacks Investment Research lowered shares of EnerSys from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Finally, Sidoti lifted their target price on shares of EnerSys from $93.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, October 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $99.00.
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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.
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