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

ESCO Technologies Inc. (NYSE:ESE) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Wednesday, April 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Thursday, April 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%.

ESCO Technologies has a payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ESCO Technologies to earn $5.64 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 5.7%.

ESCO Technologies Stock Down 1.0 %

Shares of NYSE:ESE opened at $132.34 on Friday. ESCO Technologies has a 12-month low of $96.69 and a 12-month high of $154.00. The stock’s 50-day moving average price is $136.12 and its two-hundred day moving average price is $129.59. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 33.59 and a beta of 1.13.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Thursday, February 6th. The scientific and technical instruments company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.09% and a net margin of 9.92%. On average, research analysts forecast that ESCO Technologies will post 4.8 EPS for the current year.

Analyst Upgrades and Downgrades

ESE has been the topic of a number of recent research reports. StockNews.com raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Benchmark reiterated a “buy” rating and issued a $150.00 price target on shares of ESCO Technologies in a report on Friday, November 15th.

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.