EnerSys (NYSE:ENS) Plans $0.23 Quarterly Dividend

EnerSys (NYSE:ENS - Get Free Report) announced a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.225 per share by the industrial products company on Friday, June 28th. This represents a $0.90 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, June 14th.

EnerSys has increased its dividend payment by an average of 4.6% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. EnerSys has a dividend payout ratio of 10.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect EnerSys to earn $8.41 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 10.7%.

EnerSys Stock Performance

Shares of ENS stock traded up $10.56 on Thursday, hitting $107.94. 728,684 shares of the stock were exchanged, compared to its average volume of 227,429. EnerSys has a one year low of $83.24 and a one year high of $113.34. The firm's 50 day moving average is $93.17 and its two-hundred day moving average is $93.59. The firm has a market capitalization of $4.36 billion, a PE ratio of 16.33, a P/E/G ratio of 0.82 and a beta of 1.35. The company has a current ratio of 2.67, a quick ratio of 1.53 and a debt-to-equity ratio of 0.51.

EnerSys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. The firm had revenue of $910.70 million during the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a net margin of 7.49% and a return on equity of 20.09%. The company's revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. Sell-side analysts expect that EnerSys will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ENS has been the subject of a number of analyst reports. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 6th. Oppenheimer downgraded shares of EnerSys from an "outperform" rating to a "market perform" rating in a report on Friday, February 9th.

EnerSys Company Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.