Enersys (NYSE:ENS) Shareholders to Get $0.29 Quarterly Dividend

Key Points

• EnerSys declared a quarterly dividend of $0.2875 per share, payable December 31 to shareholders of record December 18. That equals $1.15 annually and a 0.8% yield.
• The dividend appears well covered: the current payout ratio is 11%, and analysts expect next year’s earnings to cover the annual dividend at a 7.6% payout ratio.
• Quarterly adjusted EPS was $3.22, above the $3.19 consensus and up from $2.56 a year earlier, while revenue fell slightly short of estimates. Fiscal Q3 guidance brackets consensus for EPS and revenue, with the revenue midpoint below analysts’ forecast.

Enersys (NYSE:ENS - Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 18th will be given a dividend of $0.2875 per share by the industrial products company on Thursday, December 31st. This represents a $1.15 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 18th.

Enersys has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 2 years. Enersys has a dividend payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Enersys to earn $15.10 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 7.6%.

Enersys Price Performance

Shares of NYSE ENS opened at $148.31 on Thursday. The firm has a market cap of $5.35 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.75 and a beta of 1.21. Enersys has a 52 week low of $131.01 and a 52 week high of $244.30. The business's 50 day moving average price is $173.36 and its 200 day moving average price is $190.72. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Thursday, November 12th. The industrial products company reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.03. The company had revenue of $949.90 million during the quarter, compared to analysts' expectations of $968.76 million. Enersys had a return on equity of 24.02% and a net margin of 9.29%. Enersys's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $2.56 earnings per share. On average, sell-side analysts expect that Enersys will post 13.41 earnings per share for the current year.

Enersys News Roundup

Here's some of the latest news about ENS:

• Positive Sentiment: EnerSys reported fiscal Q2 adjusted EPS of $3.22, topping the $3.19 consensus and rising from $2.56 a year earlier. Management also cited improved gross and adjusted operating margins. EnerSys second-quarter results
• Positive Sentiment: The board declared a quarterly dividend of $0.2875 per share, payable December 31 to shareholders of record December 18. The annualized dividend is $1.15 per share. EnerSys dividend announcement
• Neutral Sentiment: Fiscal Q3 guidance calls for EPS of $3.05–$3.15, bracketing the $3.10 consensus. Revenue guidance of $935 million–$975 million also spans analysts’ $963.8 million estimate, though its midpoint is below consensus.

Enersys Company Profile

EnerSys NYSE: ENS is a global provider of stored-energy solutions for industrial applications. Its products include batteries, chargers, power-conversion equipment and energy-storage systems, along with related services such as installation, maintenance and recycling. The company serves customers in markets including material handling, telecommunications, data centers, utilities, aerospace and defense, and transportation. Its offerings include lead-acid and lithium-ion batteries and other power systems designed for applications ranging from forklifts and other industrial vehicles to backup and grid-support power.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.