ESCO Technologies Inc. (ESE) Receives Average Recommendation of “Buy” from Analysts

Shares of ESCO Technologies Inc. (NYSE:ESE) have been assigned an average rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $69.00.

A number of brokerages have weighed in on ESE. Stephens set a $65.00 target price on shares of ESCO Technologies and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Needham & Company LLC raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. B. Riley set a $71.00 price target on shares of ESCO Technologies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank boosted its holdings in ESCO Technologies by 1.1% during the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock worth $208,000 after purchasing an additional 39 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in ESCO Technologies by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock worth $129,000 after purchasing an additional 42 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in ESCO Technologies by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock worth $203,000 after purchasing an additional 47 shares during the last quarter. Arizona State Retirement System boosted its holdings in ESCO Technologies by 0.7% during the second quarter. Arizona State Retirement System now owns 13,453 shares of the scientific and technical instruments company’s stock worth $802,000 after purchasing an additional 100 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in ESCO Technologies by 10.1% during the second quarter. Profund Advisors LLC now owns 4,926 shares of the scientific and technical instruments company’s stock worth $294,000 after purchasing an additional 453 shares during the last quarter. 95.64% of the stock is owned by hedge funds and other institutional investors.

Shares of ESCO Technologies (NYSE:ESE) opened at $60.10 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1,560.00, a P/E ratio of 29.03 and a beta of 1.05. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $65.95.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $207.01 million for the quarter, compared to analyst estimates of $211.02 million. ESCO Technologies had a net margin of 7.83% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. analysts forecast that ESCO Technologies will post 2.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, January 3rd. ESCO Technologies’s dividend payout ratio is presently 15.46%.

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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.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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