ESCO Technologies (NYSE:ESE) Updates Q4 2024 Earnings Guidance

ESCO Technologies (NYSE:ESE) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.380-1.480 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of -. ESCO Technologies also updated its FY 2024 guidance to 4.100-4.200 EPS.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an overweight rating and issued a $125.00 price target on shares of ESCO Technologies in a report on Tuesday, July 9th.

ESCO Technologies Stock Performance

ESCO Technologies stock traded down $0.42 during trading hours on Wednesday, hitting $112.35. The stock had a trading volume of 153,493 shares, compared to its average volume of 135,413. ESCO Technologies has a fifty-two week low of $94.59 and a fifty-two week high of $125.54. The company has a quick ratio of 1.42, a current ratio of 2.15 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $110.73 and a two-hundred day moving average of $106.14. The company has a market cap of $2.89 billion, a PE ratio of 29.49 and a beta of 1.10.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Thursday, May 9th. The scientific and technical instruments company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. ESCO Technologies had a return on equity of 8.83% and a net margin of 9.94%. The business had revenue of $249.10 million during the quarter, compared to analysts’ expectations of $241.15 million. During the same period in the prior year, the firm posted $0.76 EPS. ESCO Technologies’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that ESCO Technologies will post 4.22 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. ESCO Technologies’s payout ratio is presently 8.40%.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.