FBR & Co Reiterates “Outperform” Rating for ESCO Technologies Inc. (NYSE:ESE)
ESCO Technologies Inc. (NYSE:ESE)‘s stock had its “outperform” rating reiterated by equities research analysts at FBR & Co in a report released on Tuesday, July 11th. FBR & Co also issued estimates for ESCO Technologies’ FY2017 earnings at $2.17 EPS and FY2018 earnings at $2.51 EPS.
Separately, Wunderlich assumed coverage on shares of ESCO Technologies in a report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. ESCO Technologies currently has a consensus rating of “Buy” and an average target price of $66.50.
ESCO Technologies (NYSE:ESE) opened at 61.20 on Tuesday. ESCO Technologies has a 52-week low of $42.95 and a 52-week high of $63.80. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 31.55 and a beta of 1.01. The company’s 50-day moving average price is $60.62 and its 200-day moving average price is $57.90.
ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $172 million for the quarter, compared to analyst estimates of $172 million. ESCO Technologies had a net margin of 8.29% and a return on equity of 8.42%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. Equities research analysts expect that ESCO Technologies will post $2.22 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of ESCO Technologies by 96.9% in the first quarter. LS Investment Advisors LLC now owns 1,900 shares of the scientific and technical instruments company’s stock valued at $110,000 after buying an additional 935 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of ESCO Technologies by 3,191.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,909 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 1,851 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of ESCO Technologies by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 152 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of ESCO Technologies during the first quarter valued at about $128,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of ESCO Technologies by 6.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,641 shares of the scientific and technical instruments company’s stock valued at $149,000 after buying an additional 150 shares during the period. 97.58% of the stock is currently owned by institutional investors.
ESCO Technologies Company Profile
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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