EnerSys (NYSE:ENS) Announces $0.24 Quarterly Dividend

EnerSys (NYSE:ENS) announced a quarterly dividend on Wednesday, February 5th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.24 per share by the industrial products company on Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, March 14th.

EnerSys has increased its dividend by an average of 9.9% per year over the last three years. EnerSys has a payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect EnerSys to earn $10.31 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 9.3%.

EnerSys Stock Down 1.3 %

ENS stock opened at $98.45 on Wednesday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 0.57 and a beta of 1.18. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53. The firm has a 50-day moving average of $97.83 and a two-hundred day moving average of $97.88.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ENS. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, EnerSys currently has a consensus rating of “Buy” and a consensus price target of $117.50.

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.