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

ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Wednesday, July 3rd will be given a dividend of 0.08 per share by the scientific and technical instruments company on Friday, July 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Wednesday, July 3rd.

ESCO Technologies has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ESCO Technologies to earn $4.85 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 6.6%.

ESCO Technologies Stock Down 2.8 %

ESCO Technologies stock opened at $102.12 on Tuesday. ESCO Technologies has a 1-year low of $94.59 and a 1-year high of $118.60. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 26.80 and a beta of 1.10. The firm’s fifty day moving average price is $106.48 and its two-hundred day moving average price is $105.06. The company has a current ratio of 2.15, a quick ratio of 1.42 and a debt-to-equity ratio of 0.15.

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

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.