ESCO Technologies Price Target Raised to $35.00 at Canaccord Genuity (ESE)
Equities research analysts at Canaccord Genuity upped their price objective on shares of ESCO Technologies (NYSE:ESE) from $32.00 to $35.00 in a research note issued to investors on Friday, Analyst Ratings.Net reports. Canaccord Genuity’s target price suggests a potential upside of 0.46% from the stock’s previous close.
A number of other firms have also recently commented on ESE. 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.90.
ESCO Technologies (NYSE:ESE) traded up 4.47% on Friday, hitting $34.84. 272,596 shares of the company’s stock traded hands. ESCO Technologies has a 1-year low of $30.25 and a 1-year high of $42.31. The stock has a 50-day moving average of $34.29 and a 200-day moving average of $33.75. The company’s market cap is $922.9 million.
ESCO Technologies (NYSE:ESE) last announced its earnings results on Thursday, February 6th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that ESCO Technologies will post $1.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a dividend of 0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, April 1st.
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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