ESCO Technologies (ESE) Set to Announce Earnings on Thursday

ESCO Technologies (NYSE:ESE) will release its earnings data after the market closes on Thursday, May 9th. Persons interested in registering for the company’s earnings conference call can do so using this link.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $218.30 million for the quarter, compared to analysts’ expectations of $221.44 million. ESCO Technologies had a return on equity of 8.59% and a net margin of 9.60%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. On average, analysts expect ESCO Technologies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ESCO Technologies Trading Up 1.2 %

Shares of NYSE ESE opened at $109.24 on Wednesday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 30.34 and a beta of 1.14. The business has a 50 day simple moving average of $102.56 and a 200 day simple moving average of $103.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.98. ESCO Technologies has a 52 week low of $89.77 and a 52 week high of $118.60.

ESCO Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, March 28th. ESCO Technologies’s dividend payout ratio is 8.89%.

Insider Buying and Selling

In related news, Director Leon J. Olivier sold 900 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $100.26, for a total transaction of $90,234.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th.

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.