ESCO Technologies Inc. (ESE) Updates Q1 Earnings Guidance

ESCO Technologies Inc. (NYSE:ESE) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.28-0.33 for the period, compared to the Thomson Reuters consensus estimate of $0.56. ESCO Technologies also updated its FY18 guidance to $2.30-2.40 EPS.

ESCO Technologies Inc. (ESE) remained flat at $$57.55 during trading on Tuesday. 134,800 shares of the company traded hands, compared to its average volume of 82,463. ESCO Technologies Inc. has a 52-week low of $50.15 and a 52-week high of $63.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.42 and a current ratio of 2.17. The firm has a market cap of $1,486.70, a PE ratio of 28.49 and a beta of 1.01.

ESE has been the subject of several analyst reports. Zacks Investment Research cut shares of ESCO Technologies from a buy rating to a hold rating in a research note on Tuesday, October 10th. BidaskClub raised shares of ESCO Technologies from a buy rating to a strong-buy rating in a research note on Monday, July 24th. Finally, B. Riley reissued a buy rating on shares of ESCO Technologies in a research note on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. ESCO Technologies has an average rating of Buy and an average price target of $67.00.

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About ESCO Technologies

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

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