Espey Mfg. & Electronics (ESP) Projected to Announce Earnings on Wednesday

Espey Mfg. & Electronics (NYSEAMERICAN:ESPGet Free Report) is expected to release its results after the market closes on Wednesday, September 16th. Analysts expect Espey Mfg. & Electronics to post earnings of $0.96 per share and revenue of $14.80 million for the quarter.

Espey Mfg. & Electronics Stock Performance

ESP stock opened at $63.69 on Monday. The stock’s fifty day simple moving average is $61.22 and its two-hundred day simple moving average is $61.21. Espey Mfg. & Electronics has a 1-year low of $36.00 and a 1-year high of $74.77. The stock has a market cap of $191.07 million, a P/E ratio of 16.80 and a beta of 0.37.

Espey Mfg. & Electronics Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, September 18th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is presently 40.82%.

Insider Activity

In other Espey Mfg. & Electronics news, CEO David A. Oneil sold 2,500 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $67.71, for a total value of $169,275.00. Following the transaction, the chief executive officer directly owned 13,750 shares in the company, valued at $931,012.50. This represents a 15.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Michele Pickering sold 2,500 shares of Espey Mfg. & Electronics stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $63.00, for a total value of $157,500.00. Following the sale, the insider owned 2,500 shares of the company’s stock, valued at approximately $157,500. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,550 shares of company stock valued at $558,454 in the last quarter. 5.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Several hedge funds have recently bought and sold shares of ESP. American Century Companies Inc. increased its position in Espey Mfg. & Electronics by 27.4% during the 2nd quarter. American Century Companies Inc. now owns 11,234 shares of the company’s stock valued at $514,000 after buying an additional 2,415 shares in the last quarter. Marshall Wace LLP purchased a new position in Espey Mfg. & Electronics during the second quarter valued at $591,000. Bank of America Corp DE boosted its holdings in Espey Mfg. & Electronics by 356.3% in the second quarter. Bank of America Corp DE now owns 1,232 shares of the company’s stock worth $56,000 after acquiring an additional 962 shares in the last quarter. Bridgeway Capital Management LLC bought a new stake in Espey Mfg. & Electronics in the second quarter worth $211,000. Finally, Osaic Holdings Inc. grew its stake in shares of Espey Mfg. & Electronics by 25.4% in the second quarter. Osaic Holdings Inc. now owns 8,654 shares of the company’s stock worth $396,000 after acquiring an additional 1,754 shares during the last quarter. Institutional investors own 36.65% of the company’s stock.

Analysts Set New Price Targets

Separately, Freedom Capital downgraded shares of Espey Mfg. & Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Get Our Latest Analysis on Espey Mfg. & Electronics

About Espey Mfg. & Electronics

(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.

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

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