ESCO Technologies (ESE) Receiving Somewhat Positive News Coverage, Accern Reports
Media coverage about ESCO Technologies (NYSE:ESE) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ESCO Technologies earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the scientific and technical instruments company an impact score of 45.6387529990702 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- ETFs with exposure to ESCO Technologies, Inc. : December 8, 2017 (finance.yahoo.com)
- ESCO Technologies, Inc. :ESE-US: Earnings Analysis: Q4, 2017 By the Numbers : December 7, 2017 (finance.yahoo.com)
- ESCO Technologies (ESE) Research Coverage Started at Stephens (americanbankingnews.com)
- Doble Engineering Company and DNV GL Announce Plans for Better Testing Workflow Management (finance.yahoo.com)
- Active-Investors: Free Post Earnings Research Report: Cognex’s Revenue Soared 76%; Earnings Rocketed 91% (finanznachrichten.de)
A number of research analysts have recently commented on ESE shares. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 3rd. B. Riley reiterated a “buy” rating on shares of ESCO Technologies in a research note on Wednesday, November 1st. Stephens set a $65.00 price objective on ESCO Technologies and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Finally, Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. ESCO Technologies presently has a consensus rating of “Buy” and an average price target of $68.75.
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. research analysts expect that ESCO Technologies will post 2.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Thursday, January 4th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, January 3rd. ESCO Technologies’s 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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