Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) released its earnings results on Wednesday. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.19, FiscalAI reports. Espey Mfg. & Electronics had a return on equity of 20.38% and a net margin of 25.50%.The company had revenue of $13.47 million for the quarter, compared to the consensus estimate of $14.80 million.

Espey Mfg. & Electronics Stock Up 0.7%

NYSEAMERICAN ESP opened at $63.25 on Friday. The stock has a market cap of $189.75 million, a PE ratio of 16.26 and a beta of 0.37. Espey Mfg. & Electronics has a fifty-two week low of $36.00 and a fifty-two week high of $74.77. The business has a 50 day moving average price of $62.03 and a two-hundred day moving average price of $61.59.

Espey Mfg. & Electronics Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 18th will be issued a $0.75 dividend. The ex-dividend date is Friday, September 18th. Espey Mfg. & Electronics’s payout ratio is presently 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp. (NYSEAMERICAN: ESP) is a U.S.-based defense electronics company that designs and manufactures specialized electronic systems and components for military and aerospace applications. Its products support the power, computing, display, communications, and control requirements of defense platforms and other mission-critical systems.

The company’s offerings include power supplies and power-conversion equipment, ruggedized electronic assemblies, embedded computing systems, video and display products, and systems used in radar and other defense applications.