ESCO Technologies (NYSE:ESE) Updates FY 2022 Earnings Guidance

ESCO Technologies (NYSE:ESE) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.100-$3.200 for the period, compared to the Thomson Reuters consensus estimate of $3.330. The company issued revenue guidance of $810 million-$830 million, compared to the consensus revenue estimate of $801.01 million.

ESE traded down $2.09 during trading on Thursday, reaching $89.25. 47,272 shares of the company were exchanged, compared to its average volume of 108,197. The company’s 50-day moving average is $84.00 and its two-hundred day moving average is $89.78. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 35.84 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 1.68 and a debt-to-equity ratio of 0.13. ESCO Technologies has a 12-month low of $75.19 and a 12-month high of $115.84.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings data on Thursday, November 18th. The scientific and technical instruments company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $205.48 million for the quarter, compared to analysts’ expectations of $201.18 million. ESCO Technologies had a return on equity of 6.98% and a net margin of 9.11%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities analysts forecast that ESCO Technologies will post 3.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 19th. Investors of record on Tuesday, January 4th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, January 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.36%. ESCO Technologies’s dividend payout ratio (DPR) is 12.85%.

ESE has been the topic of a number of recent research reports. Sidoti raised ESCO Technologies from a neutral rating to a buy rating in a report on Tuesday, September 28th. TheStreet upgraded ESCO Technologies from a c rating to a b rating in a research note on Friday, November 19th. Finally, Zacks Investment Research upgraded ESCO Technologies from a strong sell rating to a hold rating in a research note on Tuesday, November 2nd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC bought a new position in ESCO Technologies in the 3rd quarter worth about $202,000. LPL Financial LLC increased its stake in ESCO Technologies by 11.0% in the 3rd quarter. LPL Financial LLC now owns 4,750 shares of the scientific and technical instruments company’s stock worth $370,000 after acquiring an additional 469 shares during the last quarter. Jane Street Group LLC bought a new position in ESCO Technologies in the 3rd quarter worth about $787,000. Finally, Morgan Stanley increased its stake in ESCO Technologies by 41.4% in the 2nd quarter. Morgan Stanley now owns 170,305 shares of the scientific and technical instruments company’s stock worth $15,977,000 after acquiring an additional 49,873 shares during the last quarter. Institutional investors and hedge funds own 92.10% of the company’s stock.

About ESCO Technologies

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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