Enersys (NYSE:ENS) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.175 per share by the industrial products company on Friday, September 29th. This represents a $0.70 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, September 14th.
Enersys has raised its dividend by an average of 23.1% annually over the last three years. Enersys has a dividend payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Enersys to earn $5.40 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.0%.
Shares of Enersys (NYSE:ENS) traded down 10.19% on Thursday, reaching $64.99. The company had a trading volume of 772,649 shares. The stock has a market capitalization of $2.83 billion, a P/E ratio of 17.85 and a beta of 1.65. Enersys has a 1-year low of $63.10 and a 1-year high of $84.74. The company’s 50 day moving average price is $72.54 and its 200-day moving average price is $77.18.
Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The business had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. Enersys had a return on equity of 19.57% and a net margin of 6.77%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. Equities analysts predict that Enersys will post $4.96 EPS for the current year.
In other Enersys news, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total value of $243,000.00. Following the completion of the transaction, the insider now owns 28,928 shares in the company, valued at $2,343,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total transaction of $362,572.08. Following the completion of the transaction, the vice president now owns 17,210 shares of the company’s stock, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. Insiders sold 7,676 shares of company stock valued at $627,462 in the last 90 days. 1.40% of the stock is currently owned by insiders.
Enersys declared that its board has approved a stock buyback program on Wednesday, August 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts recently commented on ENS shares. Zacks Investment Research downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Enersys in a research note on Thursday, May 4th. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded shares of Enersys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $84.33.
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EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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