ESCO Technologies (NYSE:ESE – Get Free Report) released its earnings results on Thursday. The scientific and technical instruments company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05, Briefing.com reports. ESCO Technologies had a return on equity of 8.83% and a net margin of 9.74%. The business had revenue of $272.65 million during the quarter, compared to the consensus estimate of $267.32 million. During the same period last year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis.
ESCO Technologies Stock Performance
Shares of ESCO Technologies stock traded up $1.30 during trading hours on Friday, reaching $104.84. The company had a trading volume of 132,001 shares, compared to its average volume of 89,150. ESCO Technologies has a one year low of $85.01 and a one year high of $109.57. The business has a fifty day simple moving average of $102.58 and a 200 day simple moving average of $100.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.92 and a quick ratio of 1.30. The firm has a market cap of $2.70 billion, a PE ratio of 29.70 and a beta of 1.10.
ESCO Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, January 4th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Wednesday, January 3rd. ESCO Technologies’s payout ratio is currently 9.07%.
Hedge Funds Weigh In On ESCO Technologies
Wall Street Analyst Weigh In
ESE has been the subject of a number of recent research reports. StockNews.com initiated coverage on ESCO Technologies in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Stephens reissued an “overweight” rating and issued a $120.00 target price on shares of ESCO Technologies in a research report on Monday, August 28th.
About ESCO Technologies
ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. 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.
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