ESCO Technologies (NYSE:ESE) Updates FY 2022 Earnings Guidance

ESCO Technologies (NYSE:ESE) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $3.100-$3.200 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.330. The company issued revenue guidance of $810 million-$830 million, compared to the consensus revenue estimate of $801.01 million.

A number of research firms recently commented on ESE. Sidoti raised ESCO Technologies from a neutral rating to a buy rating in a research note on Tuesday, September 28th. Zacks Investment Research raised ESCO Technologies from a strong sell rating to a hold rating in a research note on Tuesday, November 2nd. Finally, TheStreet raised ESCO Technologies from a c rating to a b rating in a research note on Friday, November 19th.

ESE traded down $2.09 during trading on Thursday, hitting $89.25. The company’s stock had a trading volume of 47,272 shares, compared to its average volume of 108,197. ESCO Technologies has a twelve month low of $75.19 and a twelve month high of $115.84. The company has a quick ratio of 1.15, a current ratio of 1.68 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $84.00 and its 200-day moving average price is $89.78. The firm has a market capitalization of $2.33 billion, a P/E ratio of 35.84 and a beta of 1.10.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Thursday, November 18th. The scientific and technical instruments company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. ESCO Technologies had a return on equity of 6.98% and a net margin of 9.11%. The firm had revenue of $205.48 million for the quarter, compared to analyst estimates of $201.18 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Equities research analysts expect that ESCO Technologies will post 3.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 19th. Shareholders of record on Tuesday, January 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Monday, January 3rd. ESCO Technologies’s dividend payout ratio (DPR) is presently 12.85%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its stake in ESCO Technologies by 41.4% in the second quarter. Morgan Stanley now owns 170,305 shares of the scientific and technical instruments company’s stock valued at $15,977,000 after buying an additional 49,873 shares during the period. Jane Street Group LLC bought a new stake in shares of ESCO Technologies during the third quarter valued at approximately $787,000. LPL Financial LLC increased its holdings in shares of ESCO Technologies by 11.0% during the third quarter. LPL Financial LLC now owns 4,750 shares of the scientific and technical instruments company’s stock valued at $370,000 after acquiring an additional 469 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of ESCO Technologies during the third quarter valued at approximately $202,000. 92.10% of the stock is currently owned by hedge funds and other institutional investors.

ESCO Technologies Company Profile

ESCO Technologies, Inc is a producer of engineered products and systems, which engages in the provision of utility, industrial, aerospace, and commercial applications. It operates through the Filtration/Fluid Flow, RF Shielding and Test, Utility Solutions Group (USG), and Technical Packaging segments.

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