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

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) posted its earnings results on Friday. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.16), FiscalAI reports. The company had revenue of $10.61 million for the quarter, compared to the consensus estimate of $12.90 million. Espey Mfg. & Electronics had a net margin of 24.24% and a return on equity of 20.22%.

Espey Mfg. & Electronics Price Performance

NYSEAMERICAN:ESP traded down $1.90 during midday trading on Friday, reaching $46.00. 25,914 shares of the company traded hands, compared to its average volume of 34,341. The firm has a market capitalization of $139.84 million, a price-to-earnings ratio of 11.83 and a beta of 0.41. The company has a fifty day moving average price of $57.96 and a 200 day moving average price of $59.89. Espey Mfg. & Electronics has a twelve month low of $37.12 and a twelve month high of $74.77.

Espey Mfg. & Electronics Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were given a dividend of $0.75 per share. The ex-dividend date was Friday, September 18th. Espey Mfg. & Electronics’s payout ratio is currently 40.82%.

Insiders Place Their Bets

In other Espey Mfg. & Electronics news, Director Paul J. Corr sold 2,089 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $65.67, for a total value of $137,184.63. Following the sale, the director directly owned 20,650 shares in the company, valued at approximately $1,356,085.50. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.39% of the stock is owned by corporate insiders.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics designs and manufactures custom power electronics and magnetic components. Its products include power supplies, power-conversion equipment, transformers, and electromagnetic interference filters, which are often engineered to meet specific customer requirements. The company serves defense, aerospace, and industrial markets, supplying equipment for applications that require reliable power and electronic systems. Its work includes engineering and manufacturing products for military programs as well as commercial uses.