ESCO Technologies Inc. (NYSE:ESE) Announces Quarterly Dividend of $0.08

ESCO Technologies Inc. (NYSE:ESE) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Wednesday, October 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Wednesday, October 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Wednesday, October 2nd.

ESCO Technologies has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ESCO Technologies to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 6.5%.

ESCO Technologies Stock Performance

Shares of ESE opened at $128.98 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.39 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 33.85 and a beta of 1.08. The stock has a 50 day moving average of $119.51 and a 200 day moving average of $110.74. ESCO Technologies has a 12 month low of $94.59 and a 12 month high of $130.89.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Wednesday, August 7th. The scientific and technical instruments company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). ESCO Technologies had a net margin of 9.95% and a return on equity of 8.82%. The business had revenue of $260.78 million for the quarter. As a group, sell-side analysts forecast that ESCO Technologies will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Stephens raised their target price on ESCO Technologies from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday.

ESCO Technologies Company Profile

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.