ESCO Technologies Inc. (ESE) Releases Earnings Results, Beats Estimates By $0.01 EPS
ESCO Technologies Inc. (NYSE:ESE) posted its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01, Briefing.com reports. The business had revenue of $172 million during the quarter, compared to the consensus estimate of $172 million. ESCO Technologies had a return on equity of 8.42% and a net margin of 8.29%. ESCO Technologies’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. ESCO Technologies updated its FY17 guidance to $2.05-2.10 EPS.
Shares of ESCO Technologies (NYSE ESE) remained flat at $61.20 on Tuesday. 131,417 shares of the company were exchanged. The stock has a 50 day moving average price of $60.62 and a 200-day moving average price of $57.90. ESCO Technologies has a 1-year low of $42.95 and a 1-year high of $63.80. The company has a market cap of $1.58 billion, a PE ratio of 31.55 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Investors of record on Wednesday, July 5th were given 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 (DPR) is presently 16.58%.
ESE has been the subject of several recent research reports. BidaskClub cut ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Wunderlich initiated coverage on ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price target for the company. Finally, FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. ESCO Technologies has an average rating of “Buy” and a consensus target price of $66.50.
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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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