B. Riley Analysts Give ESCO Technologies Inc. (ESE) a $71.00 Price Target

B. Riley set a $71.00 price target on ESCO Technologies Inc. (NYSE:ESE) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the scientific and technical instruments company’s stock. B. Riley also issued estimates for ESCO Technologies’ Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $2.34 EPS and FY2019 earnings at $2.77 EPS.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded ESCO Technologies from a buy rating to a hold rating in a research note on Tuesday, October 10th. BidaskClub raised ESCO Technologies from a buy rating to a strong-buy rating in a research note on Monday, July 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. ESCO Technologies presently has a consensus rating of Buy and a consensus target price of $68.00.

ESCO Technologies (ESE) traded up $1.40 on Wednesday, hitting $59.55. The stock had a trading volume of 308,359 shares, compared to its average volume of 84,063. ESCO Technologies has a 12 month low of $50.30 and a 12 month high of $63.80. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1,470.00, a P/E ratio of 26.85 and a beta of 1.01.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. ESCO Technologies had a return on equity of 7.94% and a net margin of 7.39%. The company had revenue of $207.01 million during the quarter, compared to the consensus estimate of $211.02 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. sell-side analysts expect that ESCO Technologies will post 2.55 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, January 3rd. ESCO Technologies’s dividend payout ratio (DPR) is presently 15.46%.

A number of institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its position in ESCO Technologies by 1.1% in the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $208,000 after acquiring an additional 39 shares during the last quarter. PNC Financial Services Group Inc. grew its position in ESCO Technologies by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock valued at $129,000 after acquiring an additional 42 shares during the last quarter. Pinebridge Investments L.P. grew its position in ESCO Technologies by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock valued at $203,000 after acquiring an additional 47 shares during the last quarter. Arizona State Retirement System grew its position in ESCO Technologies by 0.7% in the second quarter. Arizona State Retirement System now owns 13,453 shares of the scientific and technical instruments company’s stock valued at $802,000 after acquiring an additional 100 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in ESCO Technologies by 1.3% in the second quarter. Texas Permanent School Fund now owns 18,859 shares of the scientific and technical instruments company’s stock valued at $1,125,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

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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