EnerSys (NYSE:ENS) Announces Quarterly Dividend of $0.18

EnerSys (NYSE:ENS – Get Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Stockholders of record on Friday, June 16th will be paid a dividend of 0.175 per share by the industrial products company on Friday, June 30th. This represents a $0.70 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, June 15th.

EnerSys has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings.

EnerSys Price Performance

Shares of NYSE ENS opened at $96.22 on Friday. The stock has a market cap of $3.93 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. EnerSys has a fifty-two week low of $55.60 and a fifty-two week high of $96.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The stock has a fifty day moving average of $83.33 and a 200-day moving average of $81.30.

EnerSys (NYSE:ENS – Get Rating) last announced its quarterly earnings results on Thursday, May 25th. The industrial products company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.44. The company had revenue of $990.00 million during the quarter, compared to analysts’ expectations of $953.05 million. EnerSys had a return on equity of 15.11% and a net margin of 4.74%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. Equities research analysts anticipate that EnerSys will post 6.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ENS shares. StockNews.com started coverage on EnerSys in a research report on Thursday, May 18th. They issued a “strong-buy” rating for the company. Oppenheimer upped their target price on EnerSys from $99.00 to $110.00 in a research note on Friday.

Hedge Funds Weigh In On EnerSys

A number of institutional investors have recently added to or reduced their stakes in ENS. Quantbot Technologies LP bought a new position in EnerSys in the 1st quarter worth about $60,000. Covestor Ltd increased its stake in EnerSys by 58.2% in the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 342 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of EnerSys in the 1st quarter worth about $87,000. Royal Bank of Canada boosted its holdings in shares of EnerSys by 23.5% in the 3rd quarter. Royal Bank of Canada now owns 2,546 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 484 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its holdings in shares of EnerSys by 959.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,775 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 2,513 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

EnerSys Company Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.