ESCO Technologies Inc. (ESE) Releases FY12 Earnings Guidance
ESCO Technologies Inc. (ESE) updated its FY12 earnings guidance on Tuesday. The company provided EPS guidance of $1.70-1.73 for the period. ESCO Technologies also updated its FY13 guidance to $2.30-2.55 EPS.
A number of analysts have recently weighed in on ESE shares. Analysts at Oppenheimer reiterated an outperform rating on shares of ESCO Technologies in a research note to investors on Monday, August 13th. Analysts at Ardour Capital downgraded shares of ESCO Technologies from an accumulate rating to a hold rating in a research note to investors on Friday, August 10th. They now have a $38.00 price target on the stock.
Shares of ESCO Technologies Inc. (ESE) traded down 1.65% during mid-day trading on Tuesday, hitting $37.61. ESCO Technologies Inc. (ESE) has a 52 week low of $25.06 and a 52 week high of $39.50. The company has a market cap of $1.006 billion and a P/E ratio of 23.18.
ESCO Technologies last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.13. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts predict that ESCO Technologies Inc. (ESE) will post $1.90 earnings per share for the current fiscal year.
ESCO Technologies Inc. (ESCO) is a producer of engineered products and systems sold to customers worldwide, primarily for utility, industrial, aerospace and commercial applications.
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