EnerSys Declares Special Dividend of $0.13 (ENS)

EnerSys (NYSE:ENS) announced a special dividend on Wednesday, May 29th, Analyst Ratings Network.com reports. Shareholders of record on Friday, June 14th will be paid a dividend of $0.125 per share on Friday, June 28th. The ex-dividend date is Wednesday, June 12th.

A number of research firms have also recently commented on ENS. Analysts at Ardour Capital downgraded shares of EnerSys to a “reduce” rating in a research note to investors on Wednesday. On a related note, analysts at Maxim Group raised their price target on shares of EnerSys from $55.00 to $60.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of EnerSys from $46.00 to $55.00 in a research note to investors on Thursday, March 28th. They now have a “buy” rating on the stock.

One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. EnerSys currently has an average rating of “Hold” and an average target price of $50.50.

EnerSys (NYSE: ENS) traded up 0.61% on Wednesday, hitting $49.58. EnerSys has a 1-year low of $31.01 and a 1-year high of $50.00. The stock’s 50-day moving average is currently $46.38. The company has a market cap of $2.371 billion and a price-to-earnings ratio of 13.71.

EnerSys (NYSE: ENS) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.80. The company had revenue of $572.20 million for the quarter, compared to the consensus estimate of $572.00 million. On average, analysts predict that EnerSys will post $3.59 earnings per share for the current fiscal year.

EnerSys is a manufacturer, marketer and distributor of industrial batteries. It has two primary industrial battery product lines: reserve power products and motive power products.

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