ETS-Lindgren (ESE) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ETS-Lindgren (NYSE:ESE) from a hold rating to a sell rating in a research report released on Monday.

According to Zacks, “Nexus Energy Software, a subsidiary of ESCO Technologies Inc., enables the vision of what energy information can accomplish for the twenty first Century Utility by transforming both energy company and customer views of energy. Nexus’ leading, proven-at-scale solutions support customer interactions via self-service and the contact center, while enhancing operating functions with analytic applications that integrate meter, customer, and asset data. Nexus’ ENERGYprism, Energy Vision and Nexus MDMS product lines are in use at over eighty five energy companies worldwide, supporting millions of interactions and transactions each year, “

Other equities analysts also recently issued reports about the company. ValuEngine raised ETS-Lindgren from a hold rating to a buy rating in a research note on Wednesday, April 4th. B. Riley set a $71.00 price objective on ETS-Lindgren and gave the company a buy rating in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $69.00.

NYSE ESE opened at $56.50 on Monday. ETS-Lindgren has a 1-year low of $55.70 and a 1-year high of $55.95. The company has a market capitalization of $1.44 billion, a P/E ratio of 26.40 and a beta of 1.00. The company has a quick ratio of 1.37, a current ratio of 2.11 and a debt-to-equity ratio of 0.34.

ETS-Lindgren (NYSE:ESE) last released its quarterly earnings data on Tuesday, May 8th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. ETS-Lindgren had a return on equity of 8.16% and a net margin of 10.53%. The firm had revenue of $174.78 million during the quarter, compared to the consensus estimate of $178.40 million. During the same period last year, the business posted $0.43 EPS. ETS-Lindgren’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts expect that ETS-Lindgren will post 2.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 19th. Shareholders of record on Thursday, July 5th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Tuesday, July 3rd.

A number of institutional investors have recently added to or reduced their stakes in ESE. Wells Fargo & Company MN increased its position in ETS-Lindgren by 49.5% during the third quarter. Wells Fargo & Company MN now owns 31,309 shares of the scientific and technical instruments company’s stock worth $1,877,000 after buying an additional 10,363 shares in the last quarter. California Public Employees Retirement System increased its position in ETS-Lindgren by 6.3% during the third quarter. California Public Employees Retirement System now owns 39,113 shares of the scientific and technical instruments company’s stock worth $2,345,000 after buying an additional 2,313 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in ETS-Lindgren by 5.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 171,088 shares of the scientific and technical instruments company’s stock worth $10,309,000 after buying an additional 9,432 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in ETS-Lindgren by 24.1% during the fourth quarter. Conestoga Capital Advisors LLC now owns 913,579 shares of the scientific and technical instruments company’s stock worth $55,043,000 after buying an additional 177,474 shares in the last quarter. Finally, Regal Wealth Group Inc. purchased a new position in ETS-Lindgren during the fourth quarter worth $167,000. 97.24% of the stock is owned by institutional investors.

ETS-Lindgren 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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Analyst Recommendations for ETS-Lindgren (NYSE:ESE)

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