Wall Street analysts forecast that ESCO Technologies Inc. (NYSE:ESE) will report $0.49 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for ESCO Technologies’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.51. ESCO Technologies also posted earnings of $0.49 per share in the same quarter last year. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, August 8th.
According to Zacks, analysts expect that ESCO Technologies will report full-year earnings of $2.17 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.51 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover ESCO Technologies.
A number of analysts have weighed in on the company. Wunderlich assumed coverage on ESCO Technologies in a report on Tuesday, June 13th. They set a “buy” rating and a $71.00 target price for the company. FBR & Co restated an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $66.50.
ESCO Technologies (ESE) traded up 0.16% during mid-day trading on Friday, hitting $61.25. The company’s stock had a trading volume of 96,375 shares. The company has a market cap of $1.58 billion, a P/E ratio of 31.57 and a beta of 1.01. The firm’s 50-day moving average is $60.52 and its 200-day moving average is $57.82. ESCO Technologies has a 12-month low of $42.94 and a 12-month high of $63.80.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 19th. Stockholders of record on Wednesday, July 5th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, June 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. ESCO Technologies’s dividend payout ratio is presently 16.58%.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of ESCO Technologies by 46,624.3% in the first quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock valued at $178,871,000 after buying an additional 3,072,074 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of ESCO Technologies by 212.8% in the second quarter. Conestoga Capital Advisors LLC now owns 465,779 shares of the scientific and technical instruments company’s stock valued at $27,784,000 after buying an additional 316,885 shares in the last quarter. Norges Bank acquired a new stake in shares of ESCO Technologies during the fourth quarter valued at approximately $15,530,000. Vanguard Group Inc. raised its stake in shares of ESCO Technologies by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,238,580 shares of the scientific and technical instruments company’s stock valued at $130,062,000 after buying an additional 124,629 shares in the last quarter. Finally, Pier Capital LLC acquired a new stake in shares of ESCO Technologies during the first quarter valued at approximately $6,224,000. Hedge funds and other institutional investors own 97.59% of the company’s stock.
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About ESCO Technologies
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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