EnerSys (NYSE:ENS) to Issue $0.18 Quarterly Dividend

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EnerSys (NYSE:ENS) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.175 per share by the industrial products company on Friday, December 27th. This represents a $0.70 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, December 12th.

Shares of NYSE:ENS opened at $72.67 on Wednesday. EnerSys has a 52 week low of $53.56 and a 52 week high of $89.83. The stock has a market capitalization of $3.03 billion, a P/E ratio of 14.74, a PEG ratio of 1.41 and a beta of 1.60. The firm has a fifty day simple moving average of $69.72 and a two-hundred day simple moving average of $64.41. The company has a quick ratio of 2.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.85.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. EnerSys had a net margin of 5.90% and a return on equity of 16.96%. The firm had revenue of $762.10 million for the quarter, compared to analysts’ expectations of $759.49 million. During the same period in the prior year, the company earned $1.17 EPS. The business’s revenue was up 15.4% compared to the same quarter last year. On average, analysts expect that EnerSys will post 5.07 earnings per share for the current year.

In other EnerSys news, insider Holger P. Aschke sold 5,750 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $69.50, for a total transaction of $399,625.00. Following the transaction, the insider now owns 38,804 shares in the company, valued at $2,696,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.59% of the stock is owned by insiders.

A number of equities research analysts have issued reports on ENS shares. TheStreet upgraded EnerSys from a “c+” rating to a “b-” rating in a research report on Thursday, November 7th. Zacks Investment Research lowered EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research note on Wednesday, October 9th. Finally, ValuEngine upgraded EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. EnerSys presently has a consensus rating of “Buy” and an average price target of $78.44.

About EnerSys

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Dividend History for EnerSys (NYSE:ENS)

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