Enersys (NYSE:ENS) Raises Dividend to $0.29 Per Share

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

Enersys has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Enersys has a payout ratio of 10.0% meaning 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 Stock Performance

Shares of ENS opened at $186.96 on Thursday. The firm 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. The company has a quick ratio of 1.76, a current ratio of 2.66 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $207.59 and a 200 day moving average price of $197.04. Enersys has a 52-week low of $97.03 and a 52-week high of $244.30.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BTIG Research upped their target price on Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Weiss Ratings cut Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Roth Capital reaffirmed a “buy” rating and set a $265.00 target price on shares of Enersys in a report on Friday, May 22nd. TD Cowen upped their price target on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Oppenheimer lifted their price objective on shares of Enersys from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.00.

Check Out Our Latest Stock Analysis on ENS

Enersys Company Profile

(Get Free Report)

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.

Read More

Dividend History for Enersys (NYSE:ENS)

Receive News & Ratings for Enersys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enersys and related companies with MarketBeat.com's FREE daily email newsletter.