Headlines about ESCO Technologies (NYSE:ESE) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ESCO Technologies earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the scientific and technical instruments company an impact score of 46.5112883599473 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms have recently commented 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. FBR & Co reissued an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, Wunderlich began coverage on shares of ESCO Technologies in a report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.00.
ESCO Technologies (ESE) traded up 0.17% on Wednesday, hitting $60.70. 24,762 shares of the stock were exchanged. ESCO Technologies has a 52-week low of $42.95 and a 52-week high of $63.80. The firm has a market cap of $1.57 billion, a PE ratio of 30.66 and a beta of 1.04. The company has a 50-day moving average price of $57.00 and a 200-day moving average price of $58.16.
ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The business had revenue of $172.00 million for the quarter, compared to analysts’ expectations of $172.00 million. During the same period last year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 22.7% on a year-over-year basis. On average, equities research analysts anticipate that ESCO Technologies will post $2.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, October 2nd. ESCO Technologies’s payout ratio is currently 16.16%.
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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