Enersys (NYSE:ENS) Plans Dividend Increase - $0.29 Per Share

Key Points

• Enersys plans to raise its quarterly dividend 9.5% to $0.2875 per share, payable October 2 to shareholders of record September 18. The annualized dividend is approximately $1.05, with a 0.6% yield.
• The company reported quarterly EPS of $3.66, exceeding analysts’ $2.83 estimate, while revenue rose 4.8% year over year to $935.64 million and also topped expectations.
• Enersys’ dividend appears well covered, with a 10% payout ratio and analysts expecting $14.99 in next-year EPS; institutional investors own approximately 94.93% of the stock.

Enersys (NYSE:ENS - Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Friday, September 18th will be paid a dividend of 0.2875 per share by the industrial products company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 18th. This is a 9.5% increase from Enersys's previous quarterly dividend of $0.26.

Enersys has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Enersys has a dividend payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Enersys to earn $14.99 per share next year, which means the company should continue to be able to cover its $1.05 annual dividend with an expected future payout ratio of 7.0%.

Enersys Trading Up 0.4%

NYSE:ENS opened at $186.96 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. Enersys has a 52-week low of $97.03 and a 52-week high of $244.30. The stock's 50 day moving average price is $207.59 and its 200 day moving average price is $197.04. The company has a market capitalization of $6.82 billion, a PE ratio of 24.25, a P/E/G ratio of 1.03 and a beta of 1.19.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.83. Enersys had a net margin of 7.83% and a return on equity of 21.39%. The business had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same period last year, the firm posted $2.08 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, research analysts anticipate that Enersys will post 12.1 EPS for the current year.

Institutional Investors Weigh In On Enersys

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in shares of Enersys during the second quarter worth about $34,000. Quantbot Technologies LP acquired a new position in Enersys during the 2nd quarter valued at about $39,000. CIBC Private Wealth Group LLC grew its position in Enersys by 116.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company's stock worth $27,000 after purchasing an additional 98 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Enersys during the fourth quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Enersys by 239.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company's stock worth $31,000 after buying an additional 151 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

About Enersys

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.

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