ESCO Technologies Inc. Expected to Post Q1 2018 Earnings of $0.46 Per Share (ESE)
ESCO Technologies Inc. (NYSE:ESE) – Stock analysts at B. Riley issued their Q1 2018 earnings per share estimates for shares of ESCO Technologies in a note issued to investors on Wednesday. B. Riley analyst L. Burke expects that the scientific and technical instruments company will post earnings per share of $0.46 for the quarter. B. Riley currently has a “Buy” rating and a $71.00 price target on the stock. B. Riley also issued estimates for ESCO Technologies’ Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.81 EPS, FY2018 earnings at $2.34 EPS and FY2019 earnings at $2.77 EPS.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $207.01 million during the quarter, compared to analysts’ expectations of $211.02 million. ESCO Technologies had a net margin of 7.83% and a return on equity of 8.64%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share.
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A number of other research analysts have also recently issued reports on ESE. BidaskClub raised shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. ESCO Technologies presently has an average rating of “Buy” and an average target price of $68.00.
ESCO Technologies (NYSE ESE) opened at $59.55 on Friday. ESCO Technologies has a 1-year low of $50.30 and a 1-year high of $63.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.01 and a quick ratio of 1.42. The stock has a market cap of $1,538.36, a PE ratio of 27.83 and a beta of 1.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. ESCO Technologies’s dividend payout ratio (DPR) is currently 15.46%.
A number of hedge funds and other institutional investors have recently made changes to their positions in ESE. Crawford Investment Counsel Inc. boosted its holdings in shares of ESCO Technologies by 4.0% in the 2nd quarter. Crawford Investment Counsel Inc. now owns 143,336 shares of the scientific and technical instruments company’s stock valued at $8,550,000 after purchasing an additional 5,447 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of ESCO Technologies in the 2nd quarter valued at $2,897,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of ESCO Technologies by 6.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 147,380 shares of the scientific and technical instruments company’s stock valued at $8,563,000 after purchasing an additional 9,407 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of ESCO Technologies by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,260,495 shares of the scientific and technical instruments company’s stock valued at $134,839,000 after purchasing an additional 21,915 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ESCO Technologies by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 452,999 shares of the scientific and technical instruments company’s stock valued at $27,022,000 after acquiring an additional 11,580 shares during the period. Hedge funds and other institutional investors own 95.37% of the company’s stock.
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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