ESCO Technologies (NYSE:ESE – Get Free Report) 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
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.
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