Esco Technologies Inc. (NYSE:ESE) Receives $42.50 Consensus Target Price from Brokerages
Shares of Esco Technologies Inc. (NYSE:ESE) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.50.
A number of analysts recently commented on the company. Zacks Investment Research lowered Esco Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price target on shares of Esco Technologies in a report on Thursday, August 4th.
In other Esco Technologies news, Director Larry W. Solley sold 4,500 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $43.40, for a total value of $195,300.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ESE. Macquarie Group Ltd. increased its stake in Esco Technologies by 7.2% in the second quarter. Macquarie Group Ltd. now owns 606,225 shares of the company’s stock worth $24,213,000 after buying an additional 40,818 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in Esco Technologies during the second quarter worth about $201,000. Schwab Charles Investment Management Inc. increased its stake in Esco Technologies by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,989 shares of the company’s stock worth $4,993,000 after buying an additional 4,157 shares in the last quarter. Arizona State Retirement System increased its stake in Esco Technologies by 1.5% in the second quarter. Arizona State Retirement System now owns 13,353 shares of the company’s stock worth $533,000 after buying an additional 200 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Esco Technologies by 12.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,223,819 shares of the company’s stock worth $48,880,000 after buying an additional 138,639 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.
Shares of Esco Technologies (NYSE:ESE) opened at 46.07 on Thursday. Esco Technologies has a 52-week low of $31.50 and a 52-week high of $47.39. The company has a market capitalization of $1.18 billion, a P/E ratio of 28.42 and a beta of 1.15. The stock’s 50 day moving average price is $45.62 and its 200-day moving average price is $41.51.
Esco Technologies (NYSE:ESE) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.06. The business had revenue of $140.20 million for the quarter, compared to analyst estimates of $145.57 million. Esco Technologies had a return on equity of 8.10% and a net margin of 7.42%. Esco Technologies’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Esco Technologies 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. Shareholders of record on Monday, October 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 29th.
Esco Technologies Company Profile
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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