Espey Mfg. & Electronics (NYSEAMERICAN:ESP – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.16), FiscalAI reports. The firm had revenue of $10.61 million during the quarter, compared to analyst estimates of $12.90 million. Espey Mfg. & Electronics had a net margin of 24.24% and a return on equity of 20.22%.
Espey Mfg. & Electronics Price Performance
ESP stock traded down $1.90 on Friday, reaching $46.00. The company’s stock had a trading volume of 25,914 shares, compared to its average volume of 34,341. Espey Mfg. & Electronics has a 52 week low of $37.12 and a 52 week high of $74.77. The company has a market capitalization of $139.84 million, a P/E ratio of 11.83 and a beta of 0.41. The firm has a fifty day moving average of $57.96 and a two-hundred day moving average of $59.89.
Espey Mfg. & Electronics Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 18th. Espey Mfg. & Electronics’s dividend payout ratio is 40.82%.
Insider Buying and Selling
In other Espey Mfg. & Electronics news, Director Paul J. Corr sold 2,089 shares of Espey Mfg. & Electronics stock in a transaction on Friday, September 25th. The stock was sold at an average price of $65.67, for a total transaction of $137,184.63. Following the sale, the director owned 20,650 shares of the company’s stock, valued at $1,356,085.50. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.39% of the stock is currently owned by corporate insiders.
About Espey Mfg. & Electronics
Espey Mfg. & Electronics designs and manufactures custom power electronics and magnetic components. Its products include power supplies, power-conversion equipment, transformers, and electromagnetic interference filters, which are often engineered to meet specific customer requirements. The company serves defense, aerospace, and industrial markets, supplying equipment for applications that require reliable power and electronic systems. Its work includes engineering and manufacturing products for military programs as well as commercial uses.
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