ESCO Technologies Inc. (ESE) to Issue Quarterly Dividend of $0.08 on October 16th

ESCO Technologies Inc. (NYSE:ESE) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Shareholders of record on Wednesday, October 2nd will be given 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 yield of 0.25%. The ex-dividend date is Wednesday, October 2nd.

ESCO Technologies has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. 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

NYSE ESE opened at $128.40 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.31 billion, a P/E ratio of 33.70 and a beta of 1.08. ESCO Technologies has a 12-month low of $94.59 and a 12-month high of $130.89. The firm has a 50-day moving average price of $119.51 and a two-hundred day moving average price of $110.67.

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

Analysts Set New Price Targets

Separately, Stephens boosted their target price on shares of ESCO Technologies from $135.00 to $145.00 and gave the company an “overweight” rating in a research 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.