Zacks: Analysts Anticipate ESCO Technologies Inc. (ESE) to Post $0.49 EPS
Equities research analysts forecast that ESCO Technologies Inc. (NYSE:ESE) will report earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for ESCO Technologies’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.51. ESCO Technologies also posted earnings per share of $0.49 during the same quarter last year. The company is scheduled to announce its next earnings report on Tuesday, August 1st.
On average, analysts expect that ESCO Technologies will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.16 to $2.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover ESCO Technologies.
Separately, Stephens set a $62.00 price objective on shares of ESCO Technologies and gave the stock a “buy” rating in a research note on Wednesday, February 8th.
In other news, Director Larry W. Solley sold 3,600 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $54.76, for a total value of $197,136.00. Following the sale, the director now directly owns 23,350 shares of the company’s stock, valued at approximately $1,278,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of ESCO Technologies by 96.9% in the first quarter. LS Investment Advisors LLC now owns 1,900 shares of the scientific and technical instruments company’s stock worth $110,000 after buying an additional 935 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in ESCO Technologies by 3,191.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,909 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 1,851 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in ESCO Technologies by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 152 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in ESCO Technologies during the first quarter valued at about $128,000. Finally, Envestnet Asset Management Inc. boosted its position in ESCO Technologies by 6.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,641 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 150 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
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Shares of ESCO Technologies (NYSE:ESE) traded down 0.69% on Friday, hitting $57.20. The company’s stock had a trading volume of 6,169 shares. The stock has a market capitalization of $1.48 billion, a P/E ratio of 29.48 and a beta of 1.09. ESCO Technologies has a 52 week low of $38.17 and a 52 week high of $60.95. The stock’s 50 day moving average price is $57.73 and its 200 day moving average price is $56.33.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, June 30th. ESCO Technologies’s dividend payout ratio is presently 17.49%.
About ESCO Technologies
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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