Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Issues Earnings Results, Misses Expectations By $0.16 EPS

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) posted its earnings results on Friday. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.16), FiscalAI reports. Espey Mfg. & Electronics had a net margin of 24.24% and a return on equity of 20.22%. The company had revenue of $10.61 million during the quarter, compared to analysts’ expectations of $12.90 million.

Espey Mfg. & Electronics Price Performance

ESP traded down $1.90 on Friday, reaching $46.00. 25,924 shares of the stock were exchanged, compared to its average volume of 34,388. The company’s 50-day moving average price is $57.96 and its 200 day moving average price is $59.89. Espey Mfg. & Electronics has a fifty-two week low of $37.12 and a fifty-two week high of $74.77. The firm has a market capitalization of $139.84 million, a PE ratio of 11.83 and a beta of 0.41.

Espey Mfg. & Electronics Dividend Announcement

The company also recently declared a special dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 18th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 18th. Espey Mfg. & Electronics’s payout ratio is currently 40.82%.

Insiders Place Their Bets

In other Espey Mfg. & Electronics news, Director Paul J. Corr sold 2,089 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $65.67, for a total value of $137,184.63. Following the completion of the transaction, the director directly owned 20,650 shares of the company’s stock, valued at approximately $1,356,085.50. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.39% of the company’s stock.

About Espey Mfg. & Electronics

Espey Mfg. & Electronics designs and manufactures custom power electronics and magnetic components. Its products include power supplies, power-conversion equipment, transformers, and electromagnetic interference filters, which are often engineered to meet specific customer requirements. The company serves defense, aerospace, and industrial markets, supplying equipment for applications that require reliable power and electronic systems. Its work includes engineering and manufacturing products for military programs as well as commercial uses.