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

ESCO Technologies Inc. (NYSE:ESE) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Wednesday, April 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Thursday, April 17th. This represents a $0.32 annualized dividend and a yield of 0.24%.

ESCO Technologies has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ESCO Technologies to earn $5.64 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 5.7%.

ESCO Technologies Trading Down 1.0 %

Shares of ESE traded down $1.27 on Thursday, reaching $132.34. 99,124 shares of the company’s stock were exchanged, compared to its average volume of 87,172. The business has a 50 day moving average price of $136.12 and a two-hundred day moving average price of $129.59. The stock has a market capitalization of $3.41 billion, a P/E ratio of 33.59 and a beta of 1.13. ESCO Technologies has a 12 month low of $96.69 and a 12 month high of $154.00. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.08.

ESCO Technologies (NYSE:ESE) last announced its quarterly earnings data on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.09% and a net margin of 9.92%. Research analysts anticipate that ESCO Technologies will post 4.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ESE. Benchmark restated a “buy” rating and set a $150.00 price objective on shares of ESCO Technologies in a report on Friday, November 15th. StockNews.com raised ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Monday, January 20th.

ESCO Technologies Company Profile

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.