ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Thursday, February 9th. Shareholders of record on Monday, April 3rd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Tuesday, April 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, March 30th.
ESCO Technologies has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ESCO Technologies to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 12.6%.
Shares of ESCO Technologies (NYSE:ESE) traded up 1.30% during trading on Friday, reaching $58.40. 46,658 shares of the company’s stock were exchanged. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 31.74 and a beta of 1.09. ESCO Technologies has a 12 month low of $37.32 and a 12 month high of $58.95. The stock has a 50-day moving average price of $56.45 and a 200 day moving average price of $53.96.
ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, February 7th. The scientific and technical instruments company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.02. ESCO Technologies had a net margin of 8.17% and a return on equity of 8.40%. The business earned $146.37 million during the quarter, compared to analysts’ expectations of $153.93 million. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast that ESCO Technologies will post $2.25 EPS for the current year.
In related news, Director Larry W. Solley sold 3,600 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $54.76, for a total value of $197,136.00. Following the sale, the director now owns 23,350 shares in the company, valued at approximately $1,278,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.
Separately, Stephens set a $62.00 target price on ESCO Technologies and gave the company a “buy” rating in a research report on Wednesday, February 8th.
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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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