Enersys (NYSE:ENS) Shares Will Pay Quarterly Dividend of $0.29

Enersys (NYSE:ENS) announced a quarterly dividend on Wednesday, November 11th. Shareholders 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 18th.

Enersys has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Enersys has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of Enersys stock opened at $148.31 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The firm’s 50-day simple moving average is $173.36 and its 200-day simple moving average is $190.72. Enersys has a 1 year low of $131.01 and a 1 year high of $244.30. The firm has a market cap of $5.35 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ENS shares. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research lowered Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings downgraded shares of Enersys from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, BTIG Research reiterated a “buy” rating and set a $280.00 price target on shares of Enersys in a report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $265.00.

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.