ESCO Technologies (NYSE:ESE) Issues Q4 Earnings Guidance

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

ESCO Technologies Price Performance

ESE traded up $2.05 on Tuesday, hitting $79.54. 415 shares of the stock were exchanged, compared to its average volume of 55,249. ESCO Technologies has a 12 month low of $60.03 and a 12 month high of $96.01. The business has a 50-day moving average of $68.95 and a two-hundred day moving average of $69.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.85 and a quick ratio of 1.22. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 32.57 and a beta of 1.09.

ESCO Technologies (NYSE:ESEGet Rating) last announced its quarterly earnings data on Monday, August 8th. The scientific and technical instruments company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. ESCO Technologies had a net margin of 8.24% and a return on equity of 6.76%. The company had revenue of $219.10 million during the quarter, compared to the consensus estimate of $215.16 million. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Sell-side analysts forecast 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. 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 buying an additional 304 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in ESCO Technologies by 45.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock worth $158,000 after buying an additional 709 shares during the last quarter. Rhumbline Advisers lifted its position in ESCO Technologies by 1.0% in the 1st quarter. Rhumbline Advisers now owns 74,783 shares of the scientific and technical instruments company’s stock worth $5,229,000 after buying an additional 728 shares during the last quarter. Sei Investments Co. lifted its position in ESCO Technologies by 9.2% in the first quarter. Sei Investments Co. now owns 11,123 shares of the scientific and technical instruments company’s stock valued at $802,000 after purchasing an additional 941 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in ESCO Technologies by 5.0% in the first quarter. Captrust Financial Advisors now owns 21,685 shares of the scientific and technical instruments company’s stock valued at $1,516,000 after purchasing an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 93.65% of the company’s stock.

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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