Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) issued its quarterly earnings results on Wednesday. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09, FiscalAI reports. Espey Mfg. & Electronics had a return on equity of 17.65% and a net margin of 18.53%.The company had revenue of $9.09 million for the quarter, compared to analyst estimates of $11.14 billion.

Espey Mfg. & Electronics Trading Up 0.0%

NYSEAMERICAN ESP traded up $0.02 on Friday, reaching $38.12. The stock had a trading volume of 10,662 shares, compared to its average volume of 23,260. Espey Mfg. & Electronics has a 1 year low of $24.85 and a 1 year high of $55.00. The business has a 50 day moving average price of $40.76 and a 200 day moving average price of $41.77. The company has a market capitalization of $111.68 million, a price-to-earnings ratio of 12.71 and a beta of 0.17.

Espey Mfg. & Electronics Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 19th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a yield of 217.0%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is presently 40.82%.

Institutional Trading of Espey Mfg. & Electronics

An institutional investor recently raised its position in Espey Mfg. & Electronics stock. De Lisle Partners LLP increased its stake in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 11.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 50,023 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. De Lisle Partners LLP owned approximately 1.79% of Espey Mfg. & Electronics worth $1,351,000 at the end of the most recent reporting period. 36.65% of the stock is owned by institutional investors.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp. is a power electronics design and original equipment manufacturing company, which engages in developing and delivering products for use in military and severe environment applications. Its products include power supplies, converters, transformers, filters, magnetic components, power distribution equipment, uninterruptible power supply (UPS) systems, and antennas.