Esco Technologies Inc. (ESE) Reaches New 12-Month High at $46.00
Shares of Esco Technologies Inc. (NYSE:ESE) hit a new 52-week high on Friday . The company traded as high as $46.00 and last traded at $45.71, with a volume of 67,673 shares. The stock had previously closed at $45.41.
ESE has been the topic of a number of research reports. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price target on shares of Esco Technologies in a research report on Thursday, August 4th. Zacks Investment Research cut Esco Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.67.
The company’s 50 day moving average is $43.74 and its 200-day moving average is $39.97. The firm has a market cap of $1.18 billion and a PE ratio of 28.36.
Esco Technologies (NYSE:ESE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business earned $140.20 million during the quarter, compared to the consensus estimate of $145.57 million. The company’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Esco Technologies Inc. will post $2.00 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, September 29th.
In related news, Director Larry W. Solley sold 4,500 shares of Esco Technologies stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $43.40, for a total transaction of $195,300.00. Following the sale, the director now directly owns 25,150 shares of the company’s stock, valued at $1,091,510. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
ESCO Technologies Inc is engaged in the production of engineered products and systems. The Company’s products are sold around the world for utility, industrial, aerospace and commercial applications. It conducts its business in three segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG).
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