ESCO Technologies Inc. (ESE) Receives Consensus Rating of “Buy” from Brokerages

ESCO Technologies Inc. (NYSE:ESE) has earned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $69.00.

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

Shares of ESCO Technologies (NYSE ESE) opened at $64.20 on Monday. The stock has a market cap of $1,658.67, a price-to-earnings ratio of 31.01 and a beta of 1.05. ESCO Technologies has a 52 week low of $50.30 and a 52 week high of $66.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 2.01.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $207.01 million during 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 company’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. equities research analysts expect that ESCO Technologies will post 2.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Thursday, January 4th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, January 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. ESCO Technologies’s dividend payout ratio is currently 15.46%.

Several institutional investors have recently added to or reduced their stakes in ESE. Schwab Charles Investment Management Inc. raised its holdings in shares of ESCO Technologies by 3.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 152,781 shares of the scientific and technical instruments company’s stock valued at $9,114,000 after purchasing an additional 5,401 shares in the last quarter. Teachers Advisors LLC raised its holdings in ESCO Technologies by 4.1% in the 2nd quarter. Teachers Advisors LLC now owns 46,358 shares of the scientific and technical instruments company’s stock worth $2,765,000 after acquiring an additional 1,844 shares during the period. TIAA CREF Investment Management LLC raised its holdings in ESCO Technologies by 1.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,738 shares of the scientific and technical instruments company’s stock worth $4,100,000 after acquiring an additional 730 shares during the period. Ameriprise Financial Inc. raised its holdings in ESCO Technologies by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 276,415 shares of the scientific and technical instruments company’s stock worth $16,487,000 after acquiring an additional 18,347 shares during the period. Finally, Amalgamated Bank raised its holdings in ESCO Technologies by 1.1% in the 2nd quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock worth $208,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 95.64% of the company’s stock.

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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.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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