ESCO Technologies (NYSE:ESE) Releases Q3 2024 Earnings Guidance

ESCO Technologies (NYSE:ESE) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.160-1.220 for the period, compared to the consensus EPS estimate of 1.260. The company issued revenue guidance of -. ESCO Technologies also updated its FY 2024 guidance to 4.150-4.300 EPS.

ESCO Technologies Stock Performance

Shares of NYSE ESE traded up $2.08 during midday trading on Thursday, hitting $111.52. The company’s stock had a trading volume of 130,886 shares, compared to its average volume of 134,657. The stock has a fifty day moving average price of $102.72 and a 200 day moving average price of $104.00. The company has a current ratio of 1.98, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 30.96 and a beta of 1.14. ESCO Technologies has a one year low of $89.77 and a one year high of $118.60.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). ESCO Technologies had a return on equity of 8.59% and a net margin of 9.60%. The company had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $221.44 million. During the same period in the prior year, the firm earned $0.60 EPS. ESCO Technologies’s quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts forecast that ESCO Technologies will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ESCO Technologies from a buy rating to a hold rating in a research report on Saturday, February 17th.

Insiders Place Their Bets

In other news, Director Leon J. Olivier sold 900 shares of ESCO Technologies stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $100.26, for a total transaction of $90,234.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by company insiders.

About ESCO Technologies

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