ESCO Technologies (NYSE:ESE) Earns Buy Rating from Analysts at StockNews.com

Posted by on May 18th, 2023

Investment analysts at StockNews.com started coverage on shares of ESCO Technologies (NYSE:ESE – Get Rating) in a report released on Thursday. The firm set a “buy” rating on the scientific and technical instruments company’s stock.

ESCO Technologies Stock Performance

Shares of ESE opened at $96.71 on Thursday. The firm has a market cap of $2.49 billion, a PE ratio of 28.96 and a beta of 1.12. The stock’s fifty day moving average price is $93.40 and its two-hundred day moving average price is $92.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.92 and a quick ratio of 1.29. ESCO Technologies has a 1 year low of $61.43 and a 1 year high of $101.52.

ESCO Technologies (NYSE:ESE – Get Rating) last issued its earnings results on Tuesday, May 9th. The scientific and technical instruments company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.05. The firm had revenue of $229.10 million for the quarter, compared to analyst estimates of $225.35 million. ESCO Technologies had a return on equity of 8.51% and a net margin of 9.54%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. On average, equities research analysts forecast that ESCO Technologies will post 3.6 EPS for the current year.

Hedge Funds Weigh In On ESCO Technologies

Several hedge funds have recently made changes to their positions in the stock. Amalgamated Bank boosted its holdings in shares of ESCO Technologies by 0.9% in the 4th quarter. Amalgamated Bank now owns 11,910 shares of the scientific and technical instruments company’s stock worth $1,043,000 after purchasing an additional 110 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of ESCO Technologies by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 10,688 shares of the scientific and technical instruments company’s stock worth $936,000 after purchasing an additional 116 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of ESCO Technologies by 6.2% in the 4th quarter. Baird Financial Group Inc. now owns 2,911 shares of the scientific and technical instruments company’s stock worth $255,000 after purchasing an additional 170 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ESCO Technologies by 1.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,227 shares of the scientific and technical instruments company’s stock worth $1,072,000 after purchasing an additional 172 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of ESCO Technologies by 1.8% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,100 shares of the scientific and technical instruments company’s stock worth $742,000 after purchasing an additional 181 shares in the last quarter. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

ESCO Technologies Company Profile

(Get Rating)

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 Aerospace & Defense (A&D), RF Shielding and Test, and Utility Solutions Group (USG) segments. The A&D segment designs and manufactures specialty filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites, custom designed filters for manned aircraft and submarines, products and systems to reduce vibration and/or acoustic signatures and otherwise reduce or obscure a vessel’s signature, and other communications, sealing, surface control and hydrodynamic related applications to enhance U.S.

Read More

Receive News & Ratings for ESCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.