ESCO Technologies (ESE) Releases Q1 2019 Earnings Guidance
ESCO Technologies (NYSE:ESE) updated its first quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.40-0.45 for the period. ESCO Technologies also updated its FY 2019 guidance to $2.95-3.05 EPS.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised ESCO Technologies from a hold rating to a buy rating and set a $74.00 price target on the stock in a report on Thursday, August 9th. ValuEngine raised ESCO Technologies from a hold rating to a buy rating in a report on Wednesday, August 8th. Stephens set a $67.00 price target on ESCO Technologies and gave the stock a hold rating in a report on Sunday, August 19th. Finally, B. Riley set a $80.00 price target on ESCO Technologies and gave the stock a buy rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. ESCO Technologies presently has a consensus rating of Buy and a consensus price target of $73.67.
Shares of NYSE ESE traded up $1.90 during midday trading on Thursday, reaching $63.78. 221,219 shares of the company were exchanged, compared to its average volume of 87,967. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.33. ESCO Technologies has a 1 year low of $54.35 and a 1 year high of $70.20. The firm has a market cap of $1.63 billion, a P/E ratio of 27.01 and a beta of 0.99.
ESCO Technologies Company Profile
ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.
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