Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Issues Earnings Results

Espey Mfg. & Electronics (NYSEAMERICAN:ESPGet Free Report) announced its earnings results on Tuesday. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.23, FiscalAI reports. Espey Mfg. & Electronics had a net margin of 20.46% and a return on equity of 18.06%. The firm had revenue of $12.14 million for the quarter, compared to analyst estimates of $12.40 million.

Espey Mfg. & Electronics Stock Up 3.1%

Shares of NYSEAMERICAN ESP traded up $1.86 during trading on Tuesday, reaching $62.00. 35,028 shares of the company traded hands, compared to its average volume of 21,547. Espey Mfg. & Electronics has a 52-week low of $24.85 and a 52-week high of $62.15. The stock has a market capitalization of $182.28 million, a PE ratio of 19.68 and a beta of 0.16. The firm has a 50 day simple moving average of $48.36 and a 200-day simple moving average of $44.39.

Espey Mfg. & Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

About Espey Mfg. & Electronics

(Get Free Report)

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.

Further Reading

Earnings History for Espey Mfg. & Electronics (NYSEAMERICAN:ESP)

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