Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Posts Earnings Results, Beats Expectations By $0.11 EPS

Espey Mfg. & Electronics (NYSEAMERICAN:ESPGet Free Report) announced its earnings results on Tuesday. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.11, FiscalAI reports. The business had revenue of $11.42 million during the quarter, compared to analysts’ expectations of $13.20 million. Espey Mfg. & Electronics had a net margin of 23.37% and a return on equity of 19.09%.

Espey Mfg. & Electronics Trading Up 2.0%

Shares of Espey Mfg. & Electronics stock traded up $1.39 during mid-day trading on Tuesday, reaching $72.22. 42,524 shares of the stock were exchanged, compared to its average volume of 22,271. The company has a market cap of $213.77 million, a price-to-earnings ratio of 21.06 and a beta of 0.44. Espey Mfg. & Electronics has a fifty-two week low of $31.50 and a fifty-two week high of $73.50. The firm has a 50-day simple moving average of $61.15 and a 200 day simple moving average of $51.58.

Espey Mfg. & Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 20th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

Insider Buying and Selling at Espey Mfg. & Electronics

In other Espey Mfg. & Electronics news, Director Michael W. Wool sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the completion of the sale, the director owned 17,400 shares in the company, valued at approximately $1,007,460. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Corr sold 2,242 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $58.23, for a total transaction of $130,551.66. Following the completion of the sale, the director owned 22,839 shares of the company’s stock, valued at $1,329,914.97. The trade was a 8.94% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,498 shares of company stock worth $770,212. 5.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its position in Espey Mfg. & Electronics by 12.7% in the 4th quarter. XTX Topco Ltd now owns 5,871 shares of the company’s stock valued at $277,000 after acquiring an additional 660 shares in the last quarter. Man Group plc increased its position in Espey Mfg. & Electronics by 14.4% in the 4th quarter. Man Group plc now owns 6,538 shares of the company’s stock valued at $308,000 after acquiring an additional 824 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Espey Mfg. & Electronics in the 4th quarter valued at about $217,000. Steel Partners Holdings L.P. acquired a new stake in Espey Mfg. & Electronics in the 4th quarter valued at about $784,000. Finally, First Trust Advisors LP increased its position in Espey Mfg. & Electronics by 6.3% in the 4th quarter. First Trust Advisors LP now owns 6,866 shares of the company’s stock valued at $324,000 after acquiring an additional 404 shares in the last quarter. Institutional investors and hedge funds own 36.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Freedom Capital upgraded shares of Espey Mfg. & Electronics to a “strong-buy” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

View Our Latest Stock Analysis on ESP

Espey Mfg. & Electronics Company Profile

(Get Free Report)

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.

Further Reading

Earnings History for Espey Mfg. & Electronics (NYSEAMERICAN:ESP)

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