ESCO Technologies Inc. Plans Quarterly Dividend of $0.08 (NYSE:ESE)
ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Tuesday, October 3rd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Tuesday, October 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, October 2nd.
ESCO Technologies has a payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ESCO Technologies to earn $2.54 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 12.6%.
Shares of ESCO Technologies (NYSE:ESE) traded down 0.19% during trading on Thursday, hitting $53.35. 122,882 shares of the stock were exchanged. ESCO Technologies has a 12-month low of $42.95 and a 12-month high of $63.80. The stock’s 50 day moving average is $60.51 and its 200-day moving average is $57.94. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 26.94 and a beta of 1.01.
ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $172 million during the quarter, compared to the consensus estimate of $172 million. ESCO Technologies had a net margin of 8.29% and a return on equity of 8.42%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that ESCO Technologies will post $2.22 EPS for the current year.
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ESE has been the subject of several recent research reports. FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. BidaskClub cut shares of ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Wunderlich started coverage on shares of ESCO Technologies in a research note on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $66.50.
ESCO Technologies Company Profile
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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