ESCO Technologies (NYSE:ESE) Releases Q4 2022 Earnings Guidance – MarketBeat
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ESCO Technologies (NYSE:ESE – Get Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.12-$1.18 for the period, compared to the consensus estimate of $1.18. The company issued revenue guidance of -. ESCO Technologies also updated its FY 2022 guidance to $3.12-$3.18 EPS.
ESCO Technologies Price Performance
NYSE:ESE opened at $89.52 on Monday. The firm’s fifty day moving average price is $70.36 and its two-hundred day moving average price is $69.30. The company has a market cap of $2.31 billion, a P/E ratio of 32.55 and a beta of 1.09. ESCO Technologies has a one year low of $60.03 and a one year high of $96.01. 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 released its quarterly earnings data on Monday, August 8th. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. ESCO Technologies had a return on equity of 7.27% and a net margin of 8.88%. The company had revenue of $219.10 million during the quarter, compared to the consensus estimate of $215.16 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. Equities analysts expect that ESCO Technologies will post 3.15 earnings per share for the current year.
ESCO Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Monday, October 3rd. ESCO Technologies’s dividend payout ratio is currently 11.64%.
Institutional Trading of ESCO Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of ESCO Technologies by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 2,807,384 shares of the scientific and technical instruments company’s stock worth $196,292,000 after buying an additional 122,558 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ESCO Technologies by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,343,532 shares of the scientific and technical instruments company’s stock worth $93,942,000 after purchasing an additional 21,496 shares in the last quarter. State Street Corp lifted its holdings in shares of ESCO Technologies by 4.1% in the 1st quarter. State Street Corp now owns 942,295 shares of the scientific and technical instruments company’s stock worth $65,885,000 after purchasing an additional 37,361 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of ESCO Technologies by 9.2% in the 1st quarter. Invesco Ltd. now owns 448,261 shares of the scientific and technical instruments company’s stock worth $31,343,000 after purchasing an additional 37,788 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ESCO Technologies by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 244,436 shares of the scientific and technical instruments company’s stock worth $17,091,000 after purchasing an additional 15,461 shares in the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.
ESCO Technologies Company Profile
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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.
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