ESCO Technologies (NYSE:ESE) Hits New 1-Year Low at $75.19

ESCO Technologies Inc. (NYSE:ESE)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $75.19 and last traded at $76.28, with a volume of 240109 shares trading hands. The stock had previously closed at $76.89.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered ESCO Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, September 6th. TheStreet lowered ESCO Technologies from a “b-” rating to a “c” rating in a research note on Thursday, September 2nd.

The company has a 50 day moving average price of $89.03 and a 200 day moving average price of $97.36. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 84.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.30 and a current ratio of 1.86.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Monday, August 9th. The scientific and technical instruments company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.15). ESCO Technologies had a return on equity of 7.23% and a net margin of 3.28%. The firm had revenue of $181.39 million for the quarter, compared to analyst estimates of $192.31 million. During the same period in the previous year, the company posted $0.76 EPS. ESCO Technologies’s revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that ESCO Technologies Inc. will post 2.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Friday, October 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, September 30th. ESCO Technologies’s payout ratio is 11.59%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in ESCO Technologies during the 2nd quarter worth about $27,000. Berman Capital Advisors LLC lifted its stake in ESCO Technologies by 2,028.6% during the 1st quarter. Berman Capital Advisors LLC now owns 298 shares of the scientific and technical instruments company’s stock worth $32,000 after acquiring an additional 284 shares in the last quarter. Eaton Vance Management acquired a new position in ESCO Technologies during the 1st quarter worth about $35,000. Godsey & Gibb Associates acquired a new stake in ESCO Technologies in the 1st quarter valued at about $44,000. Finally, Advisor Group Holdings Inc. raised its position in ESCO Technologies by 48.3% in the 2nd quarter. Advisor Group Holdings Inc. now owns 691 shares of the scientific and technical instruments company’s stock valued at $65,000 after purchasing an additional 225 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

ESCO Technologies Company Profile (NYSE:ESE)

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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