ESCO Technologies (NYSE:ESE) Issues Quarterly Earnings Results

ESCO Technologies (NYSE:ESE – Get Rating) posted its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11, MarketWatch Earnings reports. The firm had revenue of $204.90 million for the quarter, compared to the consensus estimate of $189.67 million. ESCO Technologies had a return on equity of 6.68% and a net margin of 8.64%. During the same period in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year.

Shares of ESCO Technologies stock opened at $61.11 on Tuesday. The business has a 50 day moving average price of $68.02 and a 200 day moving average price of $78.30. The company has a market capitalization of $1.59 billion, a P/E ratio of 25.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.82 and a quick ratio of 1.20. ESCO Technologies has a 1 year low of $60.03 and a 1 year high of $109.37.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 19th. Stockholders of record on Monday, April 4th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, April 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. ESCO Technologies’s dividend payout ratio (DPR) is 13.28%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESE. Advisor Group Holdings Inc. lifted its position in shares of ESCO Technologies by 45.6% in the first quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock valued at $158,000 after acquiring an additional 709 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of ESCO Technologies during the third quarter valued at approximately $202,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of ESCO Technologies during the 4th quarter worth $265,000. LPL Financial LLC increased its stake in ESCO Technologies by 11.0% in the third quarter. LPL Financial LLC now owns 4,750 shares of the scientific and technical instruments company’s stock valued at $370,000 after purchasing an additional 469 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in ESCO Technologies in the 4th quarter worth about $379,000. 93.65% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on ESE shares. Zacks Investment Research lowered ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 8th. StockNews.com assumed coverage on ESCO Technologies in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet cut ESCO Technologies from a “b” rating to a “c+” rating in a research report on Tuesday, February 8th.

About ESCO Technologies (Get Rating)

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.

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