Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Announces Earnings Results

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) released its earnings results on Tuesday. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.23, FiscalAI reports. The business had revenue of $12.14 million for the quarter, compared to analyst estimates of $12.40 million. Espey Mfg. & Electronics had a net margin of 23.37% and a return on equity of 19.46%.

Espey Mfg. & Electronics Trading Down 8.7%

Shares of ESP stock opened at $56.59 on Thursday. Espey Mfg. & Electronics has a twelve month low of $24.85 and a twelve month high of $62.15. The company’s 50-day moving average price is $49.15 and its 200-day moving average price is $44.54. The stock has a market cap of $166.37 million, a price-to-earnings ratio of 16.50 and a beta of 0.16.

Espey Mfg. & Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 19th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. Espey Mfg. & Electronics’s payout ratio is presently 40.82%.

About Espey Mfg. & Electronics

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.