EnerSys (ENS) To Go Ex-Dividend on March 14th

EnerSys (NYSE:ENS) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.24 per share by the industrial products company on Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, March 14th.

EnerSys has raised its dividend by an average of 9.9% annually over the last three years.

EnerSys Price Performance

EnerSys stock opened at $99.88 on Friday. The company’s 50 day moving average is $94.81 and its two-hundred day moving average is $97.84. The firm has a market cap of $3.98 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. On average, research analysts expect that EnerSys will post 9.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $117.50.

Insider Transactions at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.61% of the company’s stock.

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.