ESCO Technologies (NYSE:ESE) Releases Quarterly Earnings Results, Beats Estimates By $0.34 EPS

ESCO Technologies (NYSE:ESE) issued its earnings results on Thursday. The scientific and technical instruments company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.34, Zacks reports. ESCO Technologies had a net margin of 9.92% and a return on equity of 9.09%.

ESCO Technologies Price Performance

NYSE ESE traded down $1.27 during trading hours on Thursday, reaching $132.34. The company’s stock had a trading volume of 97,924 shares, compared to its average volume of 87,126. The stock has a market cap of $3.41 billion, a PE ratio of 33.59 and a beta of 1.13. ESCO Technologies has a fifty-two week low of $96.69 and a fifty-two week high of $154.00. The company’s 50-day moving average is $136.12 and its two-hundred day moving average is $129.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.31 and a current ratio of 1.91.

ESCO Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were paid a $0.08 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. ESCO Technologies’s payout ratio is 8.12%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ESE shares. StockNews.com upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a research report on Friday, November 15th.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. 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.