ESCO Technologies Inc. (NYSE:ESE) announced a quarterly dividend on Wednesday, August 8th, Wall Street Journal reports. Shareholders of record on Wednesday, October 3rd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Wednesday, October 17th. This represents a $0.32 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, October 2nd.
ESCO Technologies has a dividend payout ratio of 12.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ESCO Technologies to earn $3.09 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 10.4%.
NYSE:ESE traded up $2.80 during trading hours on Wednesday, hitting $65.65. 170,385 shares of the stock traded hands, compared to its average volume of 90,122. The company has a quick ratio of 1.37, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. ESCO Technologies has a fifty-two week low of $50.30 and a fifty-two week high of $66.80. The company has a market cap of $1.58 billion, a P/E ratio of 28.96 and a beta of 1.04.
ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. ESCO Technologies had a net margin of 10.53% and a return on equity of 8.16%. equities research analysts anticipate that ESCO Technologies will post 2.65 earnings per share for the current year.
Several brokerages have issued reports on ESE. B. Riley set a $80.00 target price on shares of ESCO Technologies and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of ESCO Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, ValuEngine downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.33.
ESCO Technologies Company Profile
ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.
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