Equities Analysts Issue Forecasts for ESCO Technologies Inc.’s Q2 2018 Earnings (ESE)
ESCO Technologies Inc. (NYSE:ESE) – Stock analysts at B. Riley reduced their Q2 2018 earnings per share estimates for shares of ESCO Technologies in a report issued on Thursday. B. Riley analyst L. Burke now anticipates that the scientific and technical instruments company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.55. B. Riley currently has a “Buy” rating and a $71.00 price target on the stock. B. Riley also issued estimates for ESCO Technologies’ Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $2.65 EPS and FY2019 earnings at $3.28 EPS.
A number of other research firms have also recently commented on ESE. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Stephens set a $65.00 price target on ESCO Technologies and gave the stock an “equal weight” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research upgraded ESCO Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. ESCO Technologies presently has an average rating of “Buy” and an average target price of $68.75.
ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $173.50 million during the quarter, compared to analyst estimates of $168.53 million. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, April 2nd. ESCO Technologies’s dividend payout ratio (DPR) is 10.70%.
Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in ESCO Technologies by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock worth $129,000 after purchasing an additional 42 shares in the last quarter. Regal Wealth Group Inc. acquired a new position in ESCO Technologies during the fourth quarter worth $167,000. Royal Bank of Canada lifted its stake in ESCO Technologies by 332.1% during the second quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock worth $184,000 after purchasing an additional 2,381 shares in the last quarter. Citadel Advisors LLC acquired a new position in ESCO Technologies during the third quarter worth $201,000. Finally, Amalgamated Bank lifted its stake in ESCO Technologies by 1.1% during the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock worth $208,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 96.40% of the company’s stock.
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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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