Tag Archives: ESE

ETS-Lindgren (ESE) Updates Q3 Earnings Guidance

ETS-Lindgren (NYSE:ESE) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.68-0.73 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84. ETS-Lindgren also updated its FY18 guidance to $2.65-2.75 EPS.

A number of research firms recently issued reports on ESE. B. Riley set a $71.00 price objective on shares of ETS-Lindgren and gave the stock a buy rating in a report on Thursday, February 8th. ValuEngine downgraded shares of ETS-Lindgren from a buy rating to a hold rating in a report on Tuesday, May 1st. Finally, Zacks Investment Research downgraded shares of ETS-Lindgren from a buy rating to a hold rating in a report on Tuesday, April 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $69.00.

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ESE opened at $57.60 on Thursday. The firm has a market cap of $1.49 billion, a PE ratio of 27.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.36.

ETS-Lindgren (NYSE:ESE) last posted its earnings results on Tuesday, May 8th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.08. The firm had revenue of $174.78 million during the quarter, compared to the consensus estimate of $178.40 million. ETS-Lindgren had a net margin of 10.89% and a return on equity of 8.20%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. equities research analysts expect that ETS-Lindgren will post 2.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 19th. Stockholders of record on Thursday, July 5th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.56%.

In other news, Director Larry W. Solley sold 4,288 shares of ETS-Lindgren stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $61.90, for a total value of $265,427.20. Following the completion of the transaction, the director now owns 24,750 shares in the company, valued at $1,532,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alyson S. Barclay sold 5,000 shares of ETS-Lindgren stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the transaction, the senior vice president now owns 101,658 shares of the company’s stock, valued at approximately $6,302,796. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

ETS-Lindgren Company Profile

ESCO Technologies Inc, through its subsidiaries, produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial applications worldwide. The company's Filtration segment supplies filtration and fluid control products, including filter elements, manifolds, assemblies, modules, indicators, custom and standard valves, filters, regulators, actuators, and other related components; and elastomeric-based signature reduction solutions.