ESCO Technologies (NYSE:ESE) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

ESCO Technologies (NYSE:ESE) issued its quarterly earnings results on Thursday. The scientific and technical instruments company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $272.65 million for the quarter, compared to analysts’ expectations of $267.32 million. During the same period last year, the firm earned $1.21 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.

ESCO Technologies Stock Up 1.3 %

Shares of ESE stock traded up $1.30 on Friday, reaching $104.84. 132,001 shares of the company’s stock traded hands, compared to its average volume of 89,150. ESCO Technologies has a 12-month low of $85.01 and a 12-month high of $109.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.92. The company has a market capitalization of $2.70 billion, a P/E ratio of 29.70 and a beta of 1.10. The business’s 50 day moving average price is $102.58 and its two-hundred day moving average price is $100.67.

ESCO Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors 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 9.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ESE shares. Stephens restated an “overweight” rating and issued a $120.00 target price on shares of ESCO Technologies in a report on Monday, August 28th. StockNews.com started coverage on ESCO Technologies in a report on Thursday, October 5th. They issued a “buy” rating on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC boosted its position in ESCO Technologies by 15.9% during the third quarter. Pathstone Family Office LLC now owns 3,673 shares of the scientific and technical instruments company’s stock valued at $269,000 after purchasing an additional 503 shares during the last quarter. LPL Financial LLC boosted its position in ESCO Technologies by 7.1% during the third quarter. LPL Financial LLC now owns 2,564 shares of the scientific and technical instruments company’s stock valued at $268,000 after purchasing an additional 171 shares during the last quarter. AQR Capital Management LLC acquired a new stake in ESCO Technologies during the third quarter valued at $256,000. Baird Financial Group Inc. boosted its position in ESCO Technologies by 6.2% during the fourth quarter. Baird Financial Group Inc. now owns 2,911 shares of the scientific and technical instruments company’s stock valued at $255,000 after purchasing an additional 170 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in ESCO Technologies during the fourth quarter valued at $242,000. Hedge funds and other institutional investors own 93.45% of the company’s stock.

ESCO Technologies Company Profile

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.