B. Riley Comments on ESCO Technologies Inc.’s Q2 2018 Earnings (ESE)

ESCO Technologies Inc. (NYSE:ESE) – Equities research analysts at B. Riley lowered their Q2 2018 earnings per share (EPS) estimates for shares of ESCO Technologies in a report released on Thursday. B. Riley analyst L. Burke now expects that the scientific and technical instruments company will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.55. B. Riley currently has a “Buy” rating and a $71.00 target price on the stock. B. Riley also issued estimates for ESCO Technologies’ Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $2.65 EPS and FY2019 earnings at $3.28 EPS.

Several other equities analysts have also recently weighed in on the company. Stephens set a $65.00 price target on ESCO Technologies and gave the company an “equal weight” rating in a report on Wednesday, December 6th. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research cut ESCO Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ESCO Technologies currently has a consensus rating of “Buy” and a consensus target price of $68.75.

ESCO Technologies (NYSE ESE) opened at $61.20 on Monday. The firm has a market capitalization of $1,581.71, a P/E ratio of 20.47 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 2.10. ESCO Technologies has a 1-year low of $50.30 and a 1-year high of $66.80.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $173.50 million during the quarter, compared to analysts’ expectations of $168.53 million. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS.

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of ESCO Technologies by 2.0% in the 2nd 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 period. Regal Wealth Group Inc. purchased a new position in shares of ESCO Technologies in the 4th quarter worth approximately $167,000. Royal Bank of Canada boosted its holdings in shares of ESCO Technologies by 332.1% in the 2nd quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock worth $184,000 after purchasing an additional 2,381 shares during the period. Citadel Advisors LLC bought a new stake in shares of ESCO Technologies during the 3rd quarter worth approximately $201,000. Finally, Amalgamated Bank lifted its stake in shares of ESCO Technologies by 1.1% during 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 last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, April 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 10.70%.

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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.

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