Espey Mfg. & Electronics (NYSEAMERICAN:ESP – Get Free Report) issued its earnings results on Tuesday. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.23, FiscalAI reports. Espey Mfg. & Electronics had a return on equity of 18.06% and a net margin of 20.46%.The firm had revenue of $12.14 million for the quarter, compared to the consensus estimate of $12.40 million.
Espey Mfg. & Electronics Stock Performance
Shares of ESP traded up $1.86 during mid-day trading on Tuesday, reaching $62.00. The company had a trading volume of 35,028 shares, compared to its average volume of 21,547. The company has a market capitalization of $182.28 million, a price-to-earnings ratio of 19.68 and a beta of 0.16. The company’s 50 day simple moving average is $48.36 and its 200 day simple moving average is $44.39. Espey Mfg. & Electronics has a 1-year low of $24.85 and a 1-year high of $62.15.
Espey Mfg. & Electronics Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. Espey Mfg. & Electronics’s dividend payout ratio is 40.82%.
About Espey Mfg. & Electronics
Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.
Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.
See Also
- Five stocks we like better than Espey Mfg. & Electronics
- Think You Missed Silver? You’re Wrong. Here’s Why.
- They’ve Built Major Gold Stories Before – And They’re Doing It Again
- Nvidia CEO Issues Bold Tesla Call
- HCTI: Under the Radar and Building an AI Healthcare Empire
- How to collect $500-$800 weekly (BlackRock’s system)
Receive News & Ratings for Espey Mfg. & Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Espey Mfg. & Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
