ESCO Technologies (ESE) to Release Quarterly Earnings on Thursday

ESCO Technologies (NYSE:ESE) is set to release its earnings data after the market closes on Thursday, May 9th. Individual interested in registering for the company’s earnings conference call can do so using this link.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $218.30 million for the quarter, compared to analyst estimates of $221.44 million. ESCO Technologies had a net margin of 9.60% and a return on equity of 8.59%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. On average, analysts expect ESCO Technologies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ESCO Technologies Stock Up 0.7 %

Shares of NYSE ESE opened at $102.17 on Thursday. The company has a 50 day simple moving average of $102.13 and a 200 day simple moving average of $103.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.98 and a quick ratio of 1.31. ESCO Technologies has a 1 year low of $89.77 and a 1 year high of $118.60. The firm has a market cap of $2.64 billion, a PE ratio of 28.38 and a beta of 1.15.

ESCO Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Thursday, March 28th. ESCO Technologies’s payout ratio is currently 8.89%.

Insider Activity

In related news, Director Leon J. Olivier sold 900 shares of ESCO Technologies stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $100.26, for a total value of $90,234.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on ESE. Sidoti lowered ESCO Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. StockNews.com downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.