ESCO Technologies Inc. (NYSE:ESE) announced its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04, Bloomberg Earnings reports. The company had revenue of $207.01 million during the quarter, compared to analyst estimates of $211.02 million. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. ESCO Technologies updated its Q1 guidance to $0.28-0.33 EPS and its FY18 guidance to $2.30-2.40 EPS.
ESCO Technologies (NYSE:ESE) traded down $0.10 during mid-day trading on Wednesday, hitting $57.45. The stock had a trading volume of 88,800 shares, compared to its average volume of 82,492. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.38. ESCO Technologies has a fifty-two week low of $50.30 and a fifty-two week high of $63.80. The firm has a market capitalization of $1,486.70, a price-to-earnings ratio of 28.49 and a beta of 1.01.
ESE has been the subject of several research analyst reports. BidaskClub upgraded ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, October 3rd. Finally, B. Riley restated a “buy” rating on shares of ESCO Technologies in a research note on Wednesday, November 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.00.
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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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