ESCO Technologies (ESE) Receiving Somewhat Favorable Media Coverage, Study Shows
News articles about ESCO Technologies (NYSE:ESE) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ESCO Technologies earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 46.5434500695052 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ESE has been the subject of a number of recent analyst reports. FBR & Co reaffirmed an “outperform” rating on shares of ESCO Technologies in a research report on Tuesday, July 11th. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Wunderlich initiated coverage on ESCO Technologies in a research report on Tuesday, June 13th. They set a “buy” rating and a $71.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.50.
ESCO Technologies (NYSE ESE) traded up 0.63% on Friday, reaching $56.15. The company’s stock had a trading volume of 181,673 shares. The firm has a 50-day moving average of $55.84 and a 200-day moving average of $57.59. The company has a market capitalization of $1.45 billion, a PE ratio of 28.36 and a beta of 1.04. ESCO Technologies has a one year low of $42.95 and a one year high of $63.80.
ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The business had revenue of $172.00 million during the quarter, compared to analyst estimates of $172.00 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. Analysts predict that ESCO Technologies will post $2.08 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, October 2nd. ESCO Technologies’s dividend payout ratio is presently 16.16%.
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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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