ESCO Technologies Inc. (NYSE:ESE) – Research analysts at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for ESCO Technologies in a research report issued on Wednesday. B. Riley analyst L. Burke forecasts that the scientific and technical instruments company will earn $0.46 per share for the quarter. B. Riley currently has a “Buy” rating and a $71.00 target price on the stock. B. Riley also issued estimates for ESCO Technologies’ Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $2.34 EPS and FY2019 earnings at $2.77 EPS.
ESE has been the topic of several other reports. Zacks Investment Research cut ESCO Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub cut ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $68.00.
Shares of ESCO Technologies (ESE) opened at $59.55 on Friday. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $63.80. The firm has a market capitalization of $1,470.00, a PE ratio of 26.85 and a beta of 1.01. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.38.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $207.01 million for the quarter, compared to the consensus estimate of $211.02 million. ESCO Technologies had a net margin of 7.39% and a return on equity of 7.94%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, January 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, January 3rd. ESCO Technologies’s dividend payout ratio is presently 15.46%.
Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of ESCO Technologies by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 152 shares during the period. Royal Bank of Canada increased its position in shares of 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 valued at $184,000 after buying an additional 2,381 shares during the period. Amalgamated Bank bought a new stake in shares of ESCO Technologies during the first quarter valued at about $200,000. Citadel Advisors LLC bought a new stake in shares of ESCO Technologies during the third quarter valued at about $201,000. Finally, Pinebridge Investments L.P. increased its position in shares of ESCO Technologies by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock worth $203,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.
About ESCO Technologies
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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