Enersys (NYSE:ENS) Announces Quarterly Dividend of $0.29

Enersys (NYSE:ENS) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, December 18th will be given a dividend of $0.2875 per share by the industrial products company on Thursday, December 31st. This represents a $1.15 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 18th.

Enersys has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Enersys has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enersys to earn $15.10 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 7.6%.

Enersys Trading Down 2.0%

ENS opened at $148.31 on Thursday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21. Enersys has a 52 week low of $131.01 and a 52 week high of $244.30. The business’s 50 day moving average is $173.36 and its two-hundred day moving average is $190.72. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51.

Enersys (NYSE:ENS) last issued its quarterly earnings data on Thursday, November 12th. The industrial products company reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.03. The company had revenue of $949.90 million during the quarter, compared to analysts’ expectations of $968.76 million. Enersys had a return on equity of 24.02% and a net margin of 9.29%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.56 earnings per share. On average, research analysts predict that Enersys will post 13.41 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on ENS shares. Zacks Research downgraded shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings cut shares of Enersys from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. BTIG Research dropped their price objective on shares of Enersys from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $257.50.

Enersys Company Profile

EnerSys (NYSE: ENS) is a global provider of stored-energy solutions for industrial applications. Its products include batteries, chargers, power-conversion equipment and energy-storage systems, along with related services such as installation, maintenance and recycling. The company serves customers in markets including material handling, telecommunications, data centers, utilities, aerospace and defense, and transportation. Its offerings include lead-acid and lithium-ion batteries and other power systems designed for applications ranging from forklifts and other industrial vehicles to backup and grid-support power.