Espey Mfg. & Electronics (ESP) to Announce Quarterly Earnings on Wednesday

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) is expected to issue its results after the market closes on Wednesday, September 16th. Analysts expect Espey Mfg. & Electronics to post earnings of $0.96 per share and revenue of $14.80 million for the quarter.

Espey Mfg. & Electronics Stock Performance

Espey Mfg. & Electronics stock opened at $63.62 on Tuesday. The firm has a market capitalization of $190.86 million, a PE ratio of 16.79 and a beta of 0.37. Espey Mfg. & Electronics has a one year low of $36.00 and a one year high of $74.77. The stock’s 50 day moving average price is $61.19 and its 200 day moving average price is $61.25.

Espey Mfg. & Electronics Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, September 18th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is currently 40.82%.

Analyst Upgrades and Downgrades

Separately, Freedom Capital cut shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Espey Mfg. & Electronics currently has an average rating of “Hold”.

Insider Activity at Espey Mfg. & Electronics

In other news, insider Jennifer Michele Pickering sold 2,500 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $63.00, for a total transaction of $157,500.00. Following the transaction, the insider owned 2,500 shares of the company’s stock, valued at approximately $157,500. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Corr sold 2,550 shares of Espey Mfg. & Electronics stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $65.89, for a total value of $168,019.50. Following the completion of the transaction, the director owned 20,439 shares of the company’s stock, valued at $1,346,725.71. This trade represents a 11.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,550 shares of company stock worth $558,454. Company insiders own 5.54% of the company’s stock.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.