ESCO Technologies Inc. (ESE) Updates FY18 Earnings Guidance

ESCO Technologies Inc. (NYSE:ESE) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.30-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.65. The company issued revenue guidance of $774.89, compared to the consensus revenue estimate of $761.43 million.ESCO Technologies also updated its Q1 guidance to $0.28-0.33 EPS.

ESCO Technologies Inc. (NYSE ESE) remained flat at $$57.55 during midday trading on Tuesday. 134,800 shares of the company’s stock traded hands, compared to its average volume of 82,463. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.42 and a current ratio of 2.17. The stock has a market capitalization of $1,486.70, a PE ratio of 28.49 and a beta of 1.01. ESCO Technologies Inc. has a one year low of $50.15 and a one year high of $63.80.

A number of research analysts recently commented on ESE shares. BidaskClub raised shares of ESCO Technologies from a buy rating to a strong-buy rating in a research 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 on the stock in a research report on Tuesday, October 3rd. Finally, B. Riley reaffirmed a buy rating on shares of ESCO Technologies in a research report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $67.00.

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ESCO Technologies Company Profile

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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