ESCO Technologies Inc. Plans Quarterly Dividend of $0.08 (NYSE:ESE)

ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Wednesday, May 6th, Zacks reports. Stockholders of record on Thursday, July 2nd will be given a dividend of 0.08 per share by the scientific and technical instruments company on Thursday, July 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, July 1st.

ESCO Technologies has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings.

NYSE ESE opened at $79.46 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.48 and a current ratio of 2.04. The firm’s 50 day moving average price is $82.03 and its 200-day moving average price is $85.91. ESCO Technologies has a 52-week low of $62.64 and a 52-week high of $107.10. The company has a market cap of $2.07 billion, a PE ratio of 13.89 and a beta of 0.99.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.11. The business had revenue of $180.49 million during the quarter, compared to analysts’ expectations of $180.52 million. ESCO Technologies had a net margin of 18.96% and a return on equity of 9.05%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share.

Several equities research analysts have weighed in on the company. Sidoti assumed coverage on ESCO Technologies in a research report on Monday, March 30th. They set a “neutral” rating on the stock. TheStreet raised ESCO Technologies from a “c+” rating to a “b-” rating in a research report on Friday, May 8th. ValuEngine raised ESCO Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Zacks Investment Research downgraded ESCO Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $89.00.

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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Dividend History for ESCO Technologies (NYSE:ESE)

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