Enersys (ENS) Plans Quarterly Dividend of $0.18
Enersys (NYSE:ENS) declared a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.175 per share by the industrial products company on Friday, December 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, December 14th.
Enersys has raised its dividend payment by an average of 23.1% per year over the last three years. Enersys has a payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enersys to earn $5.05 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 13.9%.
Enersys (NYSE:ENS) opened at $69.58 on Friday. The stock has a market cap of $2,873.76, a P/E ratio of 14.73, a P/E/G ratio of 2.43 and a beta of 1.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.40 and a current ratio of 3.23. Enersys has a 1-year low of $61.33 and a 1-year high of $84.74.
Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. Enersys had a net margin of 6.64% and a return on equity of 18.28%. Enersys’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. equities analysts predict that Enersys will post 4.68 EPS for the current year.
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Enersys declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 3.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several equities analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Enersys in a report on Thursday. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, August 17th. Zacks Investment Research raised shares of Enersys from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $80.00.
Enersys Company Profile
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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