ESCO Technologies Inc. (NYSE:ESE – Get Free Report) announced a quarterly dividend on Thursday, November 20th. Investors of record on Friday, January 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Friday, January 16th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, January 2nd.
ESCO Technologies has a dividend payout ratio of 4.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ESCO Technologies to earn $5.64 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.7%.
ESCO Technologies Stock Performance
ESCO Technologies stock traded up $14.75 during midday trading on Friday, reaching $224.92. The stock had a trading volume of 132,292 shares, compared to its average volume of 174,746. The firm has a market capitalization of $5.81 billion, a PE ratio of 50.75 and a beta of 1.25. ESCO Technologies has a 12 month low of $127.17 and a 12 month high of $229.46. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $214.67 and its 200 day moving average price is $197.86.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on ESE shares. Wall Street Zen cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of ESCO Technologies in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, ESCO Technologies presently has a consensus rating of “Buy” and an average price target of $187.50.
Read Our Latest Report on ESCO Technologies
ESCO Technologies Company Profile
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.
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