ESCO Technologies (NYSE:ESE) Announces Quarterly Earnings Results

ESCO Technologies (NYSE:ESE) posted its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33, reports. The firm had revenue of $173.50 million for 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 company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. ESCO Technologies updated its FY18 guidance to $2.65-2.75 EPS.

Shares of ESCO Technologies (NYSE:ESE) traded up $0.15 during trading hours on Thursday, reaching $61.95. The company’s stock had a trading volume of 20,674 shares, compared to its average volume of 116,926. The company has a current ratio of 2.10, a quick ratio of 1.36 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 $1,561.03, a PE ratio of 20.70 and a beta of 0.97.

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

ESE has been the topic of a number of research analyst reports. B. Riley set a $71.00 price target on ESCO Technologies and gave the stock a “buy” rating in a report on Wednesday, November 15th. Stephens set a $65.00 target price on ESCO Technologies and gave the stock 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ESCO Technologies currently has a consensus rating of “Buy” and a consensus price target of $69.00.

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About ESCO Technologies

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.

Earnings History for ESCO Technologies (NYSE:ESE)

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