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

ESCO Technologies Inc. (NYSE:ESE) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Wednesday, October 2nd will be given a dividend of 0.08 per share by the scientific and technical instruments company on Wednesday, October 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Wednesday, October 2nd.

ESCO Technologies has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ESCO Technologies to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 6.5%.

ESCO Technologies Trading Up 1.6 %

NYSE:ESE opened at $128.40 on Monday. The firm’s fifty day moving average is $119.51 and its 200-day moving average is $110.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10. ESCO Technologies has a 52 week low of $94.59 and a 52 week high of $130.89. The firm has a market cap of $3.31 billion, a P/E ratio of 33.70 and a beta of 1.08.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a net margin of 9.95% and a return on equity of 8.82%. The firm had revenue of $260.78 million during the quarter. Equities analysts expect that ESCO Technologies will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.