EnerSys Declares Quarterly Dividend of $0.24 (NYSE:ENS)

EnerSys (NYSE:ENS) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 1.00%. The ex-dividend date of this dividend is Friday, December 13th.

EnerSys has increased its dividend payment by an average of 4.6% annually over the last three years. EnerSys has a dividend payout ratio of 9.8% meaning 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 Stock Performance

Shares of ENS stock traded up $0.51 during trading on Friday, reaching $96.23. 18,096 shares of the company’s stock traded hands, compared to its average volume of 243,972. The firm’s 50-day moving average is $99.87 and its 200 day moving average is $100.62. The company has a market capitalization of $3.87 billion, a P/E ratio of 14.49, a PEG ratio of 0.61 and a beta of 1.24. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the sale, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 over the last three months. 1.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENS. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate 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.