ESCO Technologies Inc. (ESE) Issues Q1 Earnings Guidance
ESCO Technologies Inc. (NYSE:ESE) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.28-0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. ESCO Technologies also updated its FY18 guidance to $2.30-2.40 EPS.
A number of brokerages recently issued reports on ESE. B. Riley reiterated a buy rating on shares of ESCO Technologies in a report on Wednesday, November 1st. BidaskClub upgraded ESCO Technologies from a buy rating to a strong-buy rating in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded ESCO Technologies from a hold rating to a buy rating and set a $68.00 target price on the stock in a report on Tuesday, October 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $68.00.
ESCO Technologies Inc. (NYSE:ESE) opened at $56.85 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.42 and a current ratio of 2.17. ESCO Technologies Inc. has a 52 week low of $50.30 and a 52 week high of $63.80. The firm has a market capitalization of $1,484.12, a price-to-earnings ratio of 26.85 and a beta of 1.01.
ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. ESCO Technologies had a return on equity of 7.94% and a net margin of 7.39%. The business had revenue of $207.01 million for the quarter, compared to analysts’ expectations of $211.02 million. During the same period last year, the business earned $0.67 EPS. The business’s revenue was up 29.8% on a year-over-year basis. equities research analysts anticipate that ESCO Technologies Inc. will post 2.55 earnings per share for the current year.
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About ESCO Technologies
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.
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