ESCO Technologies Inc. to Issue Quarterly Dividend of $0.08 (NYSE:ESE)

ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Wednesday, July 3rd will be given a dividend of 0.08 per share by the scientific and technical instruments company on Friday, July 19th. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 3rd.

ESCO Technologies has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ESCO Technologies to earn $4.85 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 6.6%.

ESCO Technologies Stock Down 2.8 %

ESCO Technologies stock opened at $102.12 on Tuesday. The firm has a market capitalization of $2.63 billion, a PE ratio of 26.80 and a beta of 1.10. The company’s 50-day moving average is $106.48 and its 200-day moving average is $105.06. ESCO Technologies has a fifty-two week low of $94.59 and a fifty-two week high of $118.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.15 and a quick ratio of 1.42.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. ESCO Technologies had a net margin of 9.94% and a return on equity of 8.83%. The company had revenue of $249.10 million for the quarter, compared to analyst estimates of $241.15 million. During the same period in the previous year, the business earned $0.76 EPS. ESCO Technologies’s revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that ESCO Technologies will post 4.22 earnings per share for the current year.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.