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

ESCO Technologies (NYSE:ESEGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $3.10-$3.20 for the period, compared to the consensus EPS estimate of $3.09. The company issued revenue guidance of -.ESCO Technologies also updated its Q3 2022 guidance to $0.84-$0.91 EPS.

A number of equities analysts recently commented on ESE shares. TheStreet downgraded ESCO Technologies from a b rating to a c+ rating in a research note on Tuesday, February 8th. StockNews.com began coverage on ESCO Technologies in a research report on Thursday, March 31st. They issued a hold rating for the company. Finally, Zacks Investment Research lowered ESCO Technologies from a buy rating to a hold rating in a research report on Tuesday, March 8th.

Shares of NYSE:ESE opened at $64.58 on Monday. The company has a market cap of $1.67 billion, a PE ratio of 26.58 and a beta of 1.16. ESCO Technologies has a fifty-two week low of $60.03 and a fifty-two week high of $97.55. The firm has a 50-day simple moving average of $66.98 and a 200 day simple moving average of $76.91. The company has a quick ratio of 1.22, a current ratio of 1.85 and a debt-to-equity ratio of 0.17.

ESCO Technologies (NYSE:ESEGet Rating) last issued its earnings results on Monday, May 9th. The scientific and technical instruments company reported $0.65 EPS for the quarter. The company had revenue of $204.90 million during the quarter, compared to the consensus estimate of $189.67 million. ESCO Technologies had a return on equity of 6.76% and a net margin of 8.24%. ESCO Technologies’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. As a group, research analysts forecast that ESCO Technologies will post 3.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. ESCO Technologies’s payout ratio is currently 13.17%.

Hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its position in shares of ESCO Technologies by 41.4% during the second 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. LPL Financial LLC boosted its stake in ESCO Technologies by 11.0% during the 3rd quarter. LPL Financial LLC now owns 4,750 shares of the scientific and technical instruments company’s stock valued at $370,000 after purchasing an additional 469 shares during the period. Jane Street Group LLC bought a new position in ESCO Technologies in the 3rd quarter worth about $787,000. Janus Henderson Group PLC acquired a new stake in shares of ESCO Technologies in the third quarter valued at approximately $202,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of ESCO Technologies by 167.2% during the fourth quarter. JPMorgan Chase & Co. now owns 42,335 shares of the scientific and technical instruments company’s stock valued at $3,809,000 after buying an additional 26,490 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.

About ESCO Technologies (Get Rating)

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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