ESCO Technologies (NYSE:ESE) Releases Earnings Results, Beats Expectations By $0.34 EPS

ESCO Technologies (NYSE:ESE) posted its earnings results on Thursday. The scientific and technical instruments company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.34, Zacks reports. ESCO Technologies had a net margin of 9.92% and a return on equity of 9.09%.

ESCO Technologies Stock Performance

NYSE:ESE traded down $1.27 during trading hours on Thursday, reaching $132.34. The company had a trading volume of 97,924 shares, compared to its average volume of 87,126. 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 has a 52 week low of $96.69 and a 52 week high of $154.00. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 33.59 and a beta of 1.13. The firm’s 50 day moving average price is $136.12 and its 200-day moving average price is $129.59.

ESCO Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Thursday, January 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 8.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a research note on Friday, November 15th. StockNews.com raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Monday, January 20th.

About ESCO Technologies

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.