Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) issued its quarterly earnings data on Friday. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.16), FiscalAI reports. The firm had revenue of $10.61 million for the quarter, compared to analysts’ expectations of $12.90 million. Espey Mfg. & Electronics had a net margin of 24.24% and a return on equity of 20.22%.

Espey Mfg. & Electronics Stock Down 4.0%

NYSEAMERICAN:ESP traded down $1.90 during trading hours on Friday, hitting $46.00. 25,924 shares of the company’s stock traded hands, compared to its average volume of 26,132. The firm has a market cap of $139.84 million, a P/E ratio of 11.83 and a beta of 0.41. Espey Mfg. & Electronics has a 52 week low of $37.12 and a 52 week high of $74.77. The business’s fifty day simple moving average is $57.63 and its two-hundred day simple moving average is $59.85.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were given a $0.75 dividend. The ex-dividend date was Friday, September 18th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

Insider Buying and Selling

In other news, Director Paul J. Corr sold 2,089 shares of Espey Mfg. & Electronics stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $65.67, for a total transaction of $137,184.63. Following the completion of the sale, the director owned 20,650 shares in the company, valued at approximately $1,356,085.50. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.39% of the stock is currently owned by insiders.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics designs and manufactures custom power electronics and magnetic components. Its products include power supplies, power-conversion equipment, transformers, and electromagnetic interference filters, which are often engineered to meet specific customer requirements. The company serves defense, aerospace, and industrial markets, supplying equipment for applications that require reliable power and electronic systems. Its work includes engineering and manufacturing products for military programs as well as commercial uses.