ESCO Technologies Inc. (ESE) Announces Quarterly Dividend of $0.08
ESCO Technologies (NYSE:ESE) announced a quarterly dividend on Friday, February 7th, Analyst RN reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of 0.08 per share on Thursday, April 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, April 1st.
A number of analysts have recently weighed in on ESE shares. Analysts at CJS Securities upgraded shares of ESCO Technologies from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. On a related note, analysts at Canaccord Genuity raised their price target on shares of ESCO Technologies from $32.00 to $35.00 in a research note to investors on Friday. Finally, analysts at Zacks upgraded shares of ESCO Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $33.40 price target on the stock. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. ESCO Technologies has a consensus rating of “Hold” and an average target price of $37.90.
ESCO Technologies (NYSE:ESE) traded up 4.47% during mid-day trading on Friday, hitting $34.84. The stock had a trading volume of 272,596 shares. ESCO Technologies has a 1-year low of $30.25 and a 1-year high of $42.31. The stock has a 50-day moving average of $34.2 and a 200-day moving average of $33.76. The company’s market cap is $922.9 million.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $124.45 million for the quarter, compared to the consensus estimate of $117.07 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 12.6% 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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