ESCO Technologies (ESE) Announces Earnings Results, Beats Expectations By $0.04 EPS

ESCO Technologies (NYSE:ESE) released its earnings results on Thursday. The scientific and technical instruments company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04, Bloomberg Earnings reports. ESCO Technologies had a net margin of 9.58% and a return on equity of 10.32%. The firm had revenue of $183.00 million during the quarter, compared to the consensus estimate of $173.76 million. During the same period in the previous year, the firm earned $0.33 earnings per share. ESCO Technologies’s revenue was up 5.8% compared to the same quarter last year.

ESCO Technologies stock opened at $66.57 on Friday. ESCO Technologies has a 1 year low of $54.35 and a 1 year high of $71.47. The company has a market capitalization of $1.69 billion, a P/E ratio of 22.50 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.97 and a debt-to-equity ratio of 0.26.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Wednesday, April 3rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%. ESCO Technologies’s payout ratio is 11.55%.



A number of hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors Inc. lifted its position in ESCO Technologies by 3.2% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,158 shares of the scientific and technical instruments company’s stock valued at $406,000 after buying an additional 191 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in ESCO Technologies by 9.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,048 shares of the scientific and technical instruments company’s stock valued at $202,000 after buying an additional 272 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in ESCO Technologies by 1.7% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,224 shares of the scientific and technical instruments company’s stock valued at $1,202,000 after buying an additional 304 shares in the last quarter. Victory Capital Management Inc. lifted its position in ESCO Technologies by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 10,047 shares of the scientific and technical instruments company’s stock valued at $663,000 after buying an additional 392 shares in the last quarter. Finally, BB&T Corp lifted its position in ESCO Technologies by 12.4% during the fourth quarter. BB&T Corp now owns 4,585 shares of the scientific and technical instruments company’s stock valued at $302,000 after buying an additional 505 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on ESE. Zacks Investment Research upgraded shares of ESCO Technologies from a “sell” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Needham & Company LLC restated a “positive” rating and issued a $74.00 target price on shares of ESCO Technologies in a report on Friday, November 16th. Finally, B. Riley restated a “buy” rating on shares of ESCO Technologies in a report on Friday, November 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $73.75.

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ESCO Technologies Company Profile

ESCO Technologies Inc produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.

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Earnings History for ESCO Technologies (NYSE:ESE)

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