ESCO Technologies Inc. (ESE) Set to Announce Earnings on Tuesday
ESCO Technologies Inc. (NYSE:ESE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 14th. Analysts expect the company to announce earnings of $0.74 per share for the quarter.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The firm had revenue of $172.00 million during the quarter, compared to analysts’ expectations of $172.00 million. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 22.7% on a year-over-year basis. On average, analysts expect ESCO Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of ESCO Technologies Inc. (NYSE ESE) opened at $59.05 on Tuesday. ESCO Technologies Inc. has a twelve month low of $42.95 and a twelve month high of $63.80. The firm has a market capitalization of $1,530.00, a price-to-earnings ratio of 29.28 and a beta of 1.01. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.38.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Tuesday, October 3rd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, October 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. ESCO Technologies’s dividend payout ratio is 16.16%.
ESE has been the subject of a number of recent analyst reports. BidaskClub raised ESCO Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research raised ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, October 3rd. Finally, FBR & Co reaffirmed an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $67.00.
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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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