$0.49 Earnings Per Share Expected for ESCO Technologies Inc. (NYSE:ESE) This Quarter
Equities analysts expect ESCO Technologies Inc. (NYSE:ESE) to report $0.49 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for ESCO Technologies’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.46. ESCO Technologies also reported earnings of $0.49 per share in the same quarter last year. The firm is expected to announce its next earnings report after the market closes on Tuesday, August 8th.
On average, analysts expect that ESCO Technologies will report full year earnings of $2.17 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $2.51 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover ESCO Technologies.
ESE has been the subject of several recent research reports. FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. BidaskClub cut ESCO Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Wunderlich initiated coverage on ESCO Technologies in a report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $66.50.
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Shares of ESCO Technologies (ESE) traded up 0.16% during trading on Friday, hitting $61.25. 96,375 shares of the stock traded hands. The company has a 50 day moving average of $60.52 and a 200-day moving average of $57.82. ESCO Technologies has a 1-year low of $42.94 and a 1-year high of $63.80. The company has a market cap of $1.58 billion, a PE ratio of 31.57 and a beta of 1.01.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, June 30th. This represents a $0.32 annualized dividend and a yield of 0.52%. ESCO Technologies’s dividend payout ratio is currently 16.58%.
A number of hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake in shares of ESCO Technologies by 2.1% in the first quarter. Nationwide Fund Advisors now owns 28,906 shares of the scientific and technical instruments company’s stock valued at $1,679,000 after buying an additional 581 shares in the last quarter. Norges Bank purchased a new stake in shares of ESCO Technologies during the fourth quarter valued at $15,530,000. Conestoga Capital Advisors LLC purchased a new stake in shares of ESCO Technologies during the first quarter valued at $8,651,000. Guggenheim Capital LLC purchased a new stake in shares of ESCO Technologies during the fourth quarter valued at $1,242,000. Finally, Wells Fargo & Company MN boosted its stake in shares of ESCO Technologies by 11.7% in the first quarter. Wells Fargo & Company MN now owns 296,457 shares of the scientific and technical instruments company’s stock valued at $17,224,000 after buying an additional 31,021 shares in the last quarter. 97.59% of the stock is owned by hedge funds and other institutional investors.
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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