ESCO Technologies Inc. (NYSE:ESE) – Investment analysts at B. Riley reduced their Q2 2018 earnings estimates for shares of ESCO Technologies in a research report issued to clients and investors on Thursday. B. Riley analyst L. Burke now forecasts that the scientific and technical instruments company will post earnings of $0.40 per share for the quarter, down from their previous forecast of $0.55. B. Riley has a “Buy” rating and a $71.00 price objective on the stock. B. Riley also issued estimates for ESCO Technologies’ Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $2.65 EPS and FY2019 earnings at $3.28 EPS.
Several other analysts have also commented on the stock. Stephens set a $65.00 price target on shares of ESCO Technologies and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Needham & Company LLC upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research lowered shares of ESCO Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $69.00.
Shares of ESCO Technologies (NYSE:ESE) opened at $60.40 on Monday. The company has a market cap of $1,599.80, a P/E ratio of 30.05 and a beta of 0.97. ESCO Technologies has a 1 year low of $50.30 and a 1 year high of $66.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.36.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $173.50 million for the quarter, compared to analyst estimates of $168.53 million. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.20%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, April 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. ESCO Technologies’s dividend payout ratio (DPR) is currently 10.70%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in ESCO Technologies by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock worth $129,000 after acquiring an additional 42 shares during the last quarter. Regal Wealth Group Inc. acquired a new stake in ESCO Technologies during the fourth quarter worth approximately $167,000. Royal Bank of Canada boosted its position in ESCO Technologies by 332.1% during the second quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock worth $184,000 after acquiring an additional 2,381 shares during the last quarter. Citadel Advisors LLC acquired a new stake in ESCO Technologies during the third quarter worth approximately $201,000. Finally, Amalgamated Bank boosted its position in ESCO Technologies by 1.1% during the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock worth $208,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.
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ESCO Technologies Company Profile
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.
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