Shares of ESCO Technologies Inc. (NYSE:ESE) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $66.50.
A number of equities research analysts have recently issued reports on ESE shares. Zacks Investment Research cut shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, B. Riley reaffirmed a “buy” rating on shares of ESCO Technologies in a research note on Wednesday, November 1st.
Several institutional investors have recently made changes to their positions in ESE. BlackRock Inc. boosted its stake in shares of ESCO Technologies by 46,624.3% in the 1st quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock valued at $178,871,000 after purchasing an additional 3,072,074 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in ESCO Technologies during the 2nd quarter valued at $44,484,000. Conestoga Capital Advisors LLC boosted its position in ESCO Technologies by 212.8% during the 2nd 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 during the period. Vanguard Group Inc. boosted its position in ESCO Technologies by 5.9% during the 1st 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 during the period. Finally, Macquarie Group Ltd. boosted its position in ESCO Technologies by 14.5% during the 2nd quarter. Macquarie Group Ltd. now owns 761,656 shares of the scientific and technical instruments company’s stock valued at $45,433,000 after buying an additional 96,182 shares during the period. 95.25% of the stock is owned by institutional investors.
Shares of ESCO Technologies (NYSE ESE) traded up $0.90 during trading hours on Wednesday, hitting $57.55. 121,100 shares of the stock were exchanged, compared to its average volume of 82,223. ESCO Technologies has a 1 year low of $48.50 and a 1 year high of $63.80. The company has a market cap of $1,464.10, a price-to-earnings ratio of 28.06 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.38.
ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The company had revenue of $172.00 million during the quarter, compared to analysts’ expectations of $172.00 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 22.7% on a year-over-year basis. research analysts forecast that ESCO Technologies will post 2.08 earnings per share for the current fiscal year.
ESCO Technologies Company Profile
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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