ESCO Technologies Inc. (ESE) Issues FY18 Earnings Guidance
ESCO Technologies Inc. (NYSE:ESE) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.30-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.65. The company issued revenue guidance of $774.89, compared to the consensus revenue estimate of $761.43 million.ESCO Technologies also updated its Q1 guidance to $0.28-0.33 EPS.
Shares of ESCO Technologies Inc. (NYSE:ESE) opened at $57.45 on Wednesday. ESCO Technologies Inc. has a 12 month low of $50.30 and a 12 month high of $63.80. The stock has a market capitalization of $1,486.70, a PE ratio of 28.49 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.38.
ESCO Technologies (NYSE:ESE) last released its quarterly earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The firm had revenue of $207.01 million for the quarter, compared to the consensus estimate of $211.02 million. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. equities research analysts forecast that ESCO Technologies Inc. will post 2.08 earnings per share for the current fiscal year.
ESE has been the topic of several recent research reports. Zacks Investment Research downgraded ESCO Technologies from a buy rating to a hold rating in a research note on Tuesday, October 10th. BidaskClub downgraded ESCO Technologies from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Finally, B. Riley reissued a buy rating on shares of ESCO Technologies in a research note on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $67.00.
About ESCO Technologies
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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