ESCO Technologies (NYSE:ESE) Shares Gap Down Following Weak Earnings
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ESCO Technologies Inc. (NYSE:ESE) shares gapped down to $174.93 after reporting weaker than expected earnings of $1.60 per share, missing estimates by $0.05. Revenue was $296.34 million, below the expected $320.23 million, though up 13.6% year-over-year. Analysts maintain a "buy" rating, with Benchmark raising the price target from $190 to $200. Institutional investors hold 95.70% of the stock, which has a market cap of $4.92 billion and a P/E ratio of 42.18.
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