Enersys (NYSE:ENS) to Issue Dividend Increase - $0.26 Per Share

Key Points

• Enersys declared a quarterly dividend of $0.26, representing a 9.4% increase from its previous dividend of $0.24.
• The company reported earnings per share of $2.08 for the last quarter, exceeding analysts' estimates of $2.05, along with a revenue of $893 million.
• Insiders, including the CFO and CEO, have recently bought shares, indicating confidence in the company's performance; 94.93% of the stock is owned by institutional investors.

Enersys (NYSE:ENS - Get Free Report) announced a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be given a dividend of 0.2625 per share by the industrial products company on Friday, September 26th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 12th. This is a 9.4% increase from Enersys's previous quarterly dividend of $0.24.

Enersys has a dividend payout ratio of 9.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Enersys to earn $10.31 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 9.3%.

Enersys Price Performance

Shares of NYSE ENS traded down $0.24 during mid-day trading on Monday, reaching $95.36. The company's stock had a trading volume of 533,532 shares, compared to its average volume of 355,424. The firm has a market capitalization of $3.57 billion, a PE ratio of 10.89, a P/E/G ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.00 and a quick ratio of 1.91. The stock has a fifty day moving average of $88.75 and a two-hundred day moving average of $91.33. Enersys has a 52 week low of $76.57 and a 52 week high of $104.36.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%. The business had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. During the same period in the prior year, the business posted $1.98 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.