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

EnerSys (NYSE:ENS) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors 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 annualized dividend and a yield of 0.99%. 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% indicating that its dividend is sufficiently covered by earnings. 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

NYSE ENS traded up $1.39 on Friday, hitting $97.11. 47,051 shares of the company traded hands, compared to its average volume of 244,106. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.61 and a beta of 1.24. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $99.87 and its 200-day moving average price is $100.62. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last released its 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 for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. EnerSys’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 analysts expect that EnerSys will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ENS shares. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm restated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Finally, StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $22,672,123.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David M. Shaffer sold 17,600 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now directly owns 226,540 shares in the company, valued at approximately $22,672,123.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,700 shares of company stock worth $2,271,843. Corporate insiders own 1.61% of the company’s stock.

About EnerSys

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.