ESCO Technologies’ (ESE) “Buy” Rating Reiterated at B. Riley

B. Riley reiterated their buy rating on shares of ESCO Technologies (NYSE:ESE) in a research report released on Friday. B. Riley also issued estimates for ESCO Technologies’ Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $0.98 EPS, FY2019 earnings at $2.97 EPS and FY2020 earnings at $3.30 EPS.

ESE has been the subject of a number of other reports. Stephens set a $67.00 price objective on shares of ESCO Technologies and gave the company a hold rating in a research note on Sunday, August 19th. ValuEngine lowered shares of ESCO Technologies from a buy rating to a hold rating in a research note on Thursday, November 1st. Needham & Company LLC restated a positive rating and set a $74.00 price objective on shares of ESCO Technologies in a research note on Friday. Finally, Zacks Investment Research raised shares of ESCO Technologies from a hold rating to a buy rating and set a $74.00 price target on the stock in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ESCO Technologies currently has an average rating of Buy and an average target price of $73.75.

NYSE:ESE opened at $68.56 on Friday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 24.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.97 and a quick ratio of 1.30. ESCO Technologies has a fifty-two week low of $54.35 and a fifty-two week high of $70.20.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Thursday, November 15th. The scientific and technical instruments company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $231.09 million during the quarter, compared to analyst estimates of $228.93 million. ESCO Technologies had a net margin of 11.94% and a return on equity of 10.06%. Equities research analysts expect that ESCO Technologies will post 2.97 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new position in shares of ESCO Technologies in the second quarter worth approximately $114,000. Sei Investments Co. boosted its holdings in shares of ESCO Technologies by 75.6% in the second quarter. Sei Investments Co. now owns 2,453 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 1,056 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of ESCO Technologies in the second quarter worth approximately $316,000. Engineers Gate Manager LP purchased a new position in shares of ESCO Technologies in the third quarter worth approximately $360,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of ESCO Technologies by 77.6% in the third quarter. Victory Capital Management Inc. now owns 9,655 shares of the scientific and technical instruments company’s stock worth $657,000 after buying an additional 4,219 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

ESCO Technologies Company Profile

ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.

Further Reading: Growth Stocks

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