ESCO Technologies (NYSE:ESE) Issues Earnings Results


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ESCO Technologies (NYSE:ESE) posted its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04, MarketWatch Earnings reports. ESCO Technologies had a return on equity of 7.73% and a net margin of 13.91%. The firm had revenue of $167.00 million during the quarter, compared to the consensus estimate of $169.83 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year.

Shares of NYSE:ESE traded down $0.21 during trading on Tuesday, hitting $109.36. The company’s stock had a trading volume of 72,234 shares, compared to its average volume of 101,693. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.21 and a current ratio of 1.74. ESCO Technologies has a fifty-two week low of $71.30 and a fifty-two week high of $115.84. The stock’s 50-day moving average price is $110.30 and its two-hundred day moving average price is $102.89. The company has a market capitalization of $2.85 billion, a PE ratio of 27.97 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Thursday, April 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, March 31st. ESCO Technologies’s dividend payout ratio (DPR) is 11.59%.

Separately, Zacks Investment Research cut ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Monday, April 26th.

In related news, Director Larry W. Solley sold 2,000 shares of the business’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $105.98, for a total value of $211,960.00. Following the transaction, the director now owns 23,279 shares in the company, valued at $2,467,108.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.70% 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 three segments: Aerospace & Defense, Utility Solutions Group (USG), and RF Shielding and Test. 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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Earnings History for ESCO Technologies (NYSE:ESE)

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