ESCO Technologies (NYSE:ESE) Announces Quarterly Earnings Results

ESCO Technologies (NYSE:ESE) issued its earnings results on Thursday. The scientific and technical instruments company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05, Briefing.com reports. ESCO Technologies had a net margin of 9.74% and a return on equity of 8.83%. The company had revenue of $272.65 million for the quarter, compared to the consensus estimate of $267.32 million. During the same quarter in the previous year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year.

ESCO Technologies Trading Down 0.9 %

NYSE ESE opened at $103.54 on Friday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 29.33 and a beta of 1.10. ESCO Technologies has a 52 week low of $85.01 and a 52 week high of $109.57. The business has a 50 day moving average price of $102.49 and a 200-day moving average price of $100.60. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On ESCO Technologies

Several institutional investors have recently bought and sold shares of ESE. Point72 Middle East FZE bought a new position in shares of ESCO Technologies during the 4th quarter worth $45,000. Lazard Asset Management LLC bought a new position in shares of ESCO Technologies during the 3rd quarter worth $56,000. Altshuler Shaham Ltd bought a new position in shares of ESCO Technologies during the 4th quarter worth $51,000. State of Wyoming grew its stake in shares of ESCO Technologies by 25.6% during the 2nd quarter. State of Wyoming now owns 917 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 187 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of ESCO Technologies by 53.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,129 shares of the scientific and technical instruments company’s stock worth $98,000 after acquiring an additional 392 shares during the period. Institutional investors own 93.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of ESCO Technologies in a report on Monday, August 28th. StockNews.com began coverage on ESCO Technologies in a research report on Thursday, October 5th. They set a “buy” rating on the stock.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through Aerospace & Defense, Utility Solutions Group, and RF Shielding and Test segments. 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.