ESCO Technologies (NYSE:ESE) Now Covered by StockNews.com – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Equities researchers at StockNews.com initiated coverage on shares of ESCO Technologies (NYSE:ESE – Get Rating) in a report released on Wednesday. The brokerage set a “hold” rating on the scientific and technical instruments company’s stock.
Separately, TheStreet raised shares of ESCO Technologies from a “c+” rating to a “b-” rating in a research note on Friday, August 12th.
ESCO Technologies Price Performance
Shares of NYSE:ESE opened at $76.94 on Wednesday. ESCO Technologies has a 12 month low of $60.03 and a 12 month high of $96.01. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 27.98 and a beta of 1.04. The stock’s 50 day moving average price is $80.77 and its 200 day moving average price is $71.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.28.
ESCO Technologies (NYSE:ESE – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $219.10 million for the quarter, compared to analyst estimates of $215.16 million. ESCO Technologies had a net margin of 8.88% and a return on equity of 7.27%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. Equities research analysts anticipate that ESCO Technologies will post 3.15 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ESE. Quadrant Capital Group LLC lifted its position in ESCO Technologies by 216.5% during the 1st quarter. Quadrant Capital Group LLC now owns 690 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 472 shares during the last quarter. Hardy Reed LLC bought a new position in shares of ESCO Technologies during the 1st quarter worth about $73,000. Advisor Group Holdings Inc. increased its holdings in shares of ESCO Technologies by 45.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,265 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 709 shares during the period. KBC Group NV bought a new position in shares of ESCO Technologies during the 2nd quarter worth about $212,000. Finally, OLD National Bancorp IN bought a new position in shares of ESCO Technologies during the 1st quarter worth about $219,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
About ESCO Technologies
(Get Rating)
ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.
Further Reading
- Get a free copy of the StockNews.com research report on ESCO Technologies (ESE)
- Is Take-Two Interactive Software Inc. a Q4 Winner?
- Why All the Buzz Around These 3 Stocks?
- 3 Oil Stocks That Are Heating Back Up
- Is Pfizer Stock Still Worth Buying After the Pandemic?
- Can Texas Pacific Land Corp. Continue its Meteoric Rise?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ESCO Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ESCO Technologies wasn’t on the list.
While ESCO Technologies currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Brian Mulberry brings three large-cap ideas today and discusses why one utility may have potential beyond the traditional role of a dividend payer
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.