ESCO Technologies Inc. (NYSE:ESE) Declares 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 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Wednesday, October 2nd.

ESCO Technologies has a dividend payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.5 %

Shares of NYSE:ESE opened at $128.98 on Tuesday. The business’s 50 day simple moving average is $119.51 and its two-hundred day simple moving average is $110.74. The firm has a market cap of $3.32 billion, a P/E ratio of 33.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 2.10. ESCO Technologies has a 52-week low of $94.59 and a 52-week high of $130.89.

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

Analyst Ratings Changes

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

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.