ESCO Technologies (NYSE:ESE) Issues FY22 Earnings Guidance

ESCO Technologies (NYSE:ESEGet Rating) updated its FY22 earnings guidance on Monday. The company provided EPS guidance of $3.12-$3.18 for the period, compared to the consensus EPS estimate of $3.15. ESCO Technologies also updated its Q4 guidance to $1.12-$1.18 EPS.

ESCO Technologies Trading Up 2.6 %

Shares of ESE stock traded up $2.05 during mid-day trading on Tuesday, reaching $79.54. The company’s stock had a trading volume of 415 shares, compared to its average volume of 55,249. The company’s 50 day simple moving average is $68.95 and its 200-day simple moving average is $69.22. ESCO Technologies has a 12-month low of $60.03 and a 12-month high of $96.01. The company has a quick ratio of 1.22, a current ratio of 1.85 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.06 billion, a PE ratio of 32.57 and a beta of 1.09.

ESCO Technologies (NYSE:ESEGet Rating) last issued its earnings results on Monday, August 8th. The scientific and technical instruments company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. ESCO Technologies had a net margin of 8.24% and a return on equity of 6.76%. The business had revenue of $219.10 million for the quarter, compared to the consensus estimate of $215.16 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, research analysts predict that ESCO Technologies will post 3.2 EPS for the current fiscal year.

Institutional Investors Weigh In On ESCO Technologies

Large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its holdings in ESCO Technologies by 45.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock valued at $158,000 after purchasing an additional 709 shares in the last quarter. Guggenheim Capital LLC grew its holdings in ESCO Technologies by 5.4% during the 1st quarter. Guggenheim Capital LLC now owns 5,980 shares of the scientific and technical instruments company’s stock valued at $417,000 after purchasing an additional 304 shares in the last quarter. Hsbc Holdings PLC grew its holdings in ESCO Technologies by 63.6% during the 1st quarter. Hsbc Holdings PLC now owns 7,640 shares of the scientific and technical instruments company’s stock worth $539,000 after acquiring an additional 2,970 shares in the last quarter. Sei Investments Co. grew its holdings in ESCO Technologies by 9.2% during the 1st quarter. Sei Investments Co. now owns 11,123 shares of the scientific and technical instruments company’s stock worth $802,000 after acquiring an additional 941 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in ESCO Technologies by 54.4% during the 1st quarter. MetLife Investment Management LLC now owns 13,675 shares of the scientific and technical instruments company’s stock worth $956,000 after acquiring an additional 4,820 shares in the last quarter. 93.65% of the stock is owned by institutional investors and hedge funds.

About ESCO Technologies

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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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