ESCO Technologies Upgraded to “Neutral” by Zacks (ESE)
ESCO Technologies (NYSE:ESE) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, AR Network reports. The firm currently has a $33.40 price objective on the stock. Zacks‘ price target points to a potential upside of 2.36% from the stock’s previous close.
Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of ESCO Technologies in a research note to investors on Tuesday, November 12th. They now have a $32.00 price target on the stock, down previously from $34.00. Eight equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $37.40.
Shares of ESCO Technologies (NYSE:ESE) traded up 1.20% during mid-day trading on Tuesday, hitting $33.02. 46,164 shares of the company’s stock traded hands. ESCO Technologies has a 1-year low of $30.25 and a 1-year high of $42.42. The stock has a 50-day moving average of $33.75 and a 200-day moving average of $33.68. The company’s market cap is $874.7 million.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.07. The company had revenue of $144.60 million for the quarter, compared to the consensus estimate of $136.73 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts expect that ESCO Technologies will post $1.55 EPS for the current fiscal year.
ESCO Technologies Inc (NYSE:ESE) is a producer of engineered products and systems sold to customers worldwide, primarily for utility, industrial, aerospace and commercial applications.
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