ESCO Technologies Inc. (ESE) Given Average Recommendation of “Buy” by Analysts

Shares of ESCO Technologies Inc. (NYSE:ESE) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $69.00.

Several brokerages have weighed in on ESE. B. Riley reaffirmed a “buy” rating on shares of ESCO Technologies in a research report on Wednesday, November 1st. Zacks Investment Research raised ESCO Technologies from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Monday. Stephens set a $65.00 price target on ESCO Technologies and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Finally, Needham & Company LLC raised ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st.

Several large investors have recently bought and sold shares of ESE. Conestoga Capital Advisors LLC grew its position in shares of ESCO Technologies by 58.0% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 736,105 shares of the scientific and technical instruments company’s stock valued at $44,129,000 after acquiring an additional 270,326 shares during the period. BlackRock Inc. grew its position in shares of ESCO Technologies by 4.7% during the 4th quarter. BlackRock Inc. now owns 3,284,805 shares of the scientific and technical instruments company’s stock valued at $197,909,000 after acquiring an additional 147,482 shares during the period. Brown Advisory Inc. grew its position in shares of ESCO Technologies by 10.2% during the 3rd quarter. Brown Advisory Inc. now owns 906,249 shares of the scientific and technical instruments company’s stock valued at $54,329,000 after acquiring an additional 83,818 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of ESCO Technologies by 11.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 366,375 shares of the scientific and technical instruments company’s stock valued at $21,964,000 after acquiring an additional 39,101 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of ESCO Technologies by 5.1% during the 3rd quarter. Janus Henderson Group PLC now owns 783,565 shares of the scientific and technical instruments company’s stock valued at $46,975,000 after acquiring an additional 37,812 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Shares of ESCO Technologies (NYSE ESE) opened at $62.45 on Friday. The firm has a market capitalization of $1,561.03, a PE ratio of 20.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 2.10. ESCO Technologies has a 12-month low of $50.30 and a 12-month high of $66.80.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $173.50 million for the quarter, compared to the consensus estimate of $168.53 million. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. equities analysts anticipate that ESCO Technologies will post 2.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, April 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, April 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 10.70%.

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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.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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