ESCO Technologies (NYSE:ESE) Releases Q4 2024 Earnings Guidance

ESCO Technologies (NYSE:ESE) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.380-1.480 for the period, compared to the consensus estimate of 1.480. The company issued revenue guidance of -. ESCO Technologies also updated its FY 2024 guidance to 4.100-4.200 EPS.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an overweight rating and issued a $125.00 target price on shares of ESCO Technologies in a research note on Tuesday, July 9th.

ESCO Technologies Trading Down 0.4 %

Shares of ESE traded down $0.42 during midday trading on Wednesday, reaching $112.35. The company had a trading volume of 153,493 shares, compared to its average volume of 135,413. ESCO Technologies has a 1-year low of $94.59 and a 1-year high of $125.54. The stock has a market cap of $2.89 billion, a PE ratio of 29.49 and a beta of 1.10. The firm has a 50 day simple moving average of $110.73 and a 200-day simple moving average of $106.14. The company has a quick ratio of 1.42, a current ratio of 2.15 and a debt-to-equity ratio of 0.15.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $249.10 million during the quarter, compared to the consensus estimate of $241.15 million. ESCO Technologies had a return on equity of 8.83% and a net margin of 9.94%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. Research analysts forecast that ESCO Technologies will post 4.22 EPS for the current fiscal year.

ESCO Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Wednesday, July 3rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Wednesday, July 3rd. ESCO Technologies’s payout ratio is 8.40%.

ESCO Technologies Company Profile

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.