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

ESCO Technologies Inc. (NYSE:ESE - Get Free Report) announced a quarterly dividend on Monday, August 11th, Wall Street Journal reports. Shareholders of record on Thursday, October 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Thursday, October 16th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, October 2nd.ESCO Technologies has a payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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%. Get ESCO Technologies alerts:ESCO Technologies Stock Down 0.7%Shares of ESCO Technologies stock traded down $1.42 on Monday, reaching $191.85. The stock had a trading volume of 56,514 shares, compared to its average volume of 162,963. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.38. ESCO Technologies has a 1 year low of $113.30 and a 1 year high of $198.34. The stock has a market capitalization of $4.95 billion, a P/E ratio of 43.21 and a beta of 1.23. The company has a 50 day moving average price of $189.35 and a 200 day moving average price of $169.71. ESCO Technologies (NYSE:ESE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The scientific and technical instruments company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.05). ESCO Technologies had a return on equity of 11.19% and a net margin of 10.37%. The company had revenue of $296.34 million for the quarter, compared to analyst estimates of $320.23 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The business's quarterly revenue was up 13.6% compared to the same quarter last year. As a group, equities research analysts forecast that ESCO Technologies will post 5.65 EPS for the current year. Analyst Ratings ChangesSeveral brokerages recently issued reports on ESE. Wall Street Zen cut shares of ESCO Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark boosted their target price on ESCO Technologies from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, May 9th.Check Out Our Latest Research Report on ESCO TechnologiesESCO Technologies Company Profile (Get Free Report)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.See AlsoFive stocks we like better than ESCO TechnologiesWhat Are the U.K. Market Holidays? How to Invest and TradeInvest in AI and Energy Infrastructure With These 5 ETFsHow is Compound Interest Calculated?3 Natural Gas Stocks Powering the AI Data Center BoomRoth IRA Calculator: Calculate Your Potential ReturnsAn Atomic Sized Surge Is Brewing for NuScale Power Stock PriceThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ESCO Technologies Right Now?Before you consider ESCO Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ESCO Technologies wasn't on the list.While ESCO Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here