Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Issues Quarterly Earnings Results

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) released its earnings results on Wednesday. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19, FiscalAI reports. The business had revenue of $13.47 million for the quarter, compared to analyst estimates of $14.80 million. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%.

Espey Mfg. & Electronics Price Performance

Shares of Espey Mfg. & Electronics stock opened at $64.30 on Wednesday. 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 is $61.78 and its 200 day moving average is $61.48. The firm has a market cap of $192.90 million, a price-to-earnings ratio of 16.97 and a beta of 0.37.

Espey Mfg. & Electronics Dividend Announcement

The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Friday, September 18th. Espey Mfg. & Electronics’s payout ratio is currently 40.82%.

About Espey Mfg. & Electronics

Espey Mfg. & Electronics Corp. (NYSEAMERICAN: ESP) is a U.S.-based defense electronics company that designs and manufactures specialized electronic systems and components for military and aerospace applications. Its products support the power, computing, display, communications, and control requirements of defense platforms and other mission-critical systems.

The company’s offerings include power supplies and power-conversion equipment, ruggedized electronic assemblies, embedded computing systems, video and display products, and systems used in radar and other defense applications.