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

EnerSys (NYSE:ENS - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be given 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 of this dividend is Friday, December 13th.

EnerSys has raised its dividend 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 Trading Up 1.8 %

Shares of NYSE:ENS traded up $1.74 on Friday, reaching $97.46. 400,021 shares of the company traded hands, compared to its average volume of 245,732. The stock has a market capitalization of $3.92 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The business's 50-day simple moving average is $99.87 and its 200 day simple moving average is $100.62. 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 - Get Free Report) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. As a group, equities analysts anticipate that EnerSys will post 8.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO David M. Shaffer sold 17,600 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now directly owns 226,540 shares of the company's stock, valued at $22,672,123.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 22,700 shares of company stock worth $2,271,843. Company insiders own 1.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on ENS shares. Roth Capital raised EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. StockNews.com downgraded EnerSys from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 15th. Finally, Roth Mkm reiterated 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.