Enersys (ENS) To Go Ex-Dividend on September 14th
Enersys (NYSE:ENS) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.175 per share by the industrial products company on Friday, September 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 14th.
Enersys has raised its dividend by an average of 23.1% annually over the last three years. Enersys has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Enersys to earn $5.07 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 13.8%.
Enersys (ENS) traded down 0.03% on Wednesday, reaching $67.61. 23,212 shares of the company’s stock were exchanged. Enersys has a 1-year low of $61.33 and a 1-year high of $84.74. The firm has a 50-day moving average price of $66.98 and a 200-day moving average price of $74.81. The company has a market capitalization of $2.93 billion, a P/E ratio of 18.22 and a beta of 1.66.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The firm had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. Equities research analysts expect that Enersys will post $4.67 earnings per share for the current year.
A number of equities analysts have commented on ENS shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $92.00 price objective (down previously from $95.00) on shares of Enersys in a research report on Friday, June 2nd. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Enersys from a “buy” rating to a “sell” rating in a research report on Monday, June 5th. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Enersys has a consensus rating of “Hold” and an average target price of $82.67.
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Enersys declared that its Board of Directors has approved a share buyback program on Wednesday, August 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
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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