ESCO Technologies Inc. Plans Quarterly Dividend of $0.08 (ESE)
ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Investors of record on Tuesday, October 3rd will be given a dividend of 0.08 per share by the scientific and technical instruments company on Tuesday, October 17th. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Monday, October 2nd.
ESCO Technologies has a payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ESCO Technologies to earn $2.54 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 12.6%.
ESCO Technologies (NYSE:ESE) traded down 0.19% during trading on Thursday, reaching $53.35. 122,882 shares of the company traded hands. ESCO Technologies has a 12 month low of $42.95 and a 12 month high of $63.80. The company has a market cap of $1.39 billion, a PE ratio of 26.94 and a beta of 1.01. The company’s 50-day moving average is $60.51 and its 200 day moving average is $57.94.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The business had revenue of $172 million during the quarter, compared to the consensus estimate of $172 million. ESCO Technologies had a return on equity of 8.42% and a net margin of 8.29%. ESCO Technologies’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, analysts anticipate that ESCO Technologies will post $2.22 earnings per share for the current year.
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A number of research analysts have issued reports on the company. BidaskClub upgraded ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. FBR & Co reiterated an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. Finally, Wunderlich assumed coverage on ESCO Technologies in a research report on Tuesday, June 13th. They issued a “buy” rating and a $71.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.50.
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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