ESCO Technologies Inc. (NYSE:ESE) Releases FY17 Earnings Guidance
ESCO Technologies Inc. (NYSE:ESE) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.05-2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.22. The company issued revenue guidance of $691.5 million, compared to the consensus revenue estimate of $682.55 million.
Shares of ESCO Technologies Inc. (ESE) remained flat at $61.20 on Tuesday. 131,417 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $60.52 and its 200-day moving average price is $57.82. ESCO Technologies Inc. has a 12-month low of $42.94 and a 12-month high of $63.80. The stock has a market cap of $1.58 billion, a PE ratio of 31.55 and a beta of 1.01.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 19th. Investors of record on Wednesday, July 5th were given a $0.08 dividend. The ex-dividend date was Friday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. ESCO Technologies’s dividend payout ratio (DPR) is presently 16.58%.
Several equities research analysts recently commented on ESE shares. FBR & Co restated an outperform rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. BidaskClub downgraded shares of ESCO Technologies from a strong-buy rating to a buy rating in a research report on Monday, July 31st. Finally, Wunderlich started coverage on shares of ESCO Technologies in a research report on Tuesday, June 13th. They issued a buy rating and a $71.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $66.50.
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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