Enersys (ENS) to Issue Quarterly Dividend of $0.29 on October 2nd

Enersys (NYSE:ENS) announced a quarterly dividend on Wednesday, August 12th. Shareholders 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 0.7%. 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%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Enersys has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enersys to earn $15.10 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 7.6%.

Enersys Stock Up 0.7%

Shares of ENS stock opened at $170.51 on Wednesday. Enersys has a 52-week low of $106.18 and a 52-week high of $244.30. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.84 and a beta of 1.21. The firm’s 50-day moving average is $190.07 and its 200-day moving average is $198.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80.

Enersys (NYSE:ENS) last posted its 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. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The business had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same period in the previous year, the firm earned $2.08 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Sell-side analysts predict that Enersys will post 13.41 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Enersys in the second quarter valued at $1,221,455,000. Norges Bank acquired a new stake in shares of Enersys in the 4th quarter worth about $78,599,000. Paradigm Capital Management Inc. NY bought a new position in Enersys in the 2nd quarter valued at about $102,249,000. LSV Asset Management lifted its holdings in shares of Enersys by 298.9% in the fourth quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock valued at $82,516,000 after purchasing an additional 421,338 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Enersys during the 2nd quarter worth approximately $84,699,000. 94.93% of the stock is owned by institutional investors.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored energy solutions. The company designs, manufactures and distributes industrial batteries, battery chargers, power conversion equipment and energy management systems for applications that require reliable backup, motive and portable power.

Its products serve a range of markets, including telecommunications, data centers, utilities, industrial facilities, transportation, material handling, aerospace and defense. EnerSys offers lead-acid and lithium-ion battery technologies, as well as related chargers, enclosures, monitoring systems and service programs.