Somewhat Favorable Media Coverage Somewhat Unlikely to Affect ESCO Technologies (ESE) Stock Price
News articles about ESCO Technologies (NYSE:ESE) have trended somewhat positive on Wednesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ESCO Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 46.8574506460685 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- ESCO Technologies Inc. (ESE) Stock Rating Upgraded by Needham & Company LLC (americanbankingnews.com)
- ESCO Technologies, Inc. breached its 50 day moving average in a Bullish Manner : ESE-US : November 20, 2017 (finance.yahoo.com)
- Head-To-Head Survey: ESCO Technologies (ESE) vs. Chart Industries (GTLS) (americanbankingnews.com)
- B. Riley Weighs in on ESCO Technologies Inc.’s Q1 2018 Earnings (ESE) (americanbankingnews.com)
- Edited Transcript of ESE earnings conference call or presentation 14-Nov-17 10:00pm GMT (finance.yahoo.com)
ESE has been the topic of several research reports. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, October 3rd. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, B. Riley set a $71.00 price objective on ESCO Technologies and gave the company a “buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $68.00.
Shares of ESCO Technologies (ESE) traded down $0.58 during trading hours on Wednesday, reaching $64.18. The company’s stock had a trading volume of 38,649 shares, compared to its average volume of 84,720. The stock has a market capitalization of $1,610.70, a PE ratio of 29.14 and a beta of 1.01. ESCO Technologies has a 1-year low of $50.30 and a 1-year high of $65.30. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.38.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. The firm had revenue of $207.01 million during the quarter, compared to analysts’ expectations of $211.02 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company’s revenue was up 29.8% on a year-over-year basis. sell-side analysts predict that ESCO Technologies will post 2.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, January 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, January 3rd. ESCO Technologies’s dividend payout ratio is currently 15.46%.
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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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