ESCO Technologies Inc. (ESE) to Issue Quarterly Dividend of $0.08 on April 17th

ESCO Technologies Inc. (NYSE:ESE) declared a quarterly dividend on Thursday, February 6th, RTT News reports. Shareholders 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 annualized dividend and a yield of 0.21%. The ex-dividend date is Wednesday, April 2nd.

ESCO Technologies has a payout ratio of 4.9% 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 2.8 %

Shares of ESE stock opened at $155.07 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.07. ESCO Technologies has a 12 month low of $97.11 and a 12 month high of $171.28. The stock has a market cap of $4.00 billion, a P/E ratio of 36.40 and a beta of 1.11. The company has a 50 day simple moving average of $153.41 and a two-hundred day simple moving average of $140.74.

ESCO Technologies (NYSE:ESE) last announced its earnings results 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 9.91% and a net margin of 10.44%. On average, research analysts expect that ESCO Technologies will post 5.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ESE. StockNews.com lowered shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Benchmark lifted their price target on shares of ESCO Technologies from $150.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Stephens reissued an “overweight” rating and set a $175.00 price objective on shares of ESCO Technologies in a report on Thursday, February 27th.

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.