Esco Technologies Inc. (ESE) Sets New 12-Month High at $46.00
Shares of Esco Technologies Inc. (NYSE:ESE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.00 and last traded at $45.71, with a volume of 67,673 shares changing hands. The stock had previously closed at $45.41.
Several analysts have issued reports on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Esco Technologies in a research report on Thursday, August 4th. Zacks Investment Research downgraded shares of Esco Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.67.
The stock has a market capitalization of $1.18 billion and a P/E ratio of 28.36. The stock’s 50 day moving average is $43.84 and its 200 day moving average is $40.01.
Esco Technologies (NYSE:ESE) last announced its quarterly earnings data 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. The business’s revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Esco Technologies Inc. will post $2.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%.
In other Esco Technologies news, Director Larry W. Solley sold 4,500 shares of the firm’s 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 completion of the sale, the director now directly owns 25,150 shares in the company, valued at approximately $1,091,510. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.