ESCO Technologies Inc. (NYSE: ESE) has reported earnings for its fourth fiscal quarter (ending September 30) of $1.24 versus $1.19 for the same period a year ago — an increase of 4%. This result exceeded the consensus estimate of $1.22 by $0.02. For the latest four quarters through September 30, E.P.S. were $3.58 versus $3.17 for the same period a year ago — an increase of 13%.
Recent Price Action
ESCO Technologies Inc. (NYSE: ESE) stock declined modestly by -0.9% on 11/16/23. The stock closed at $103.54. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
ESE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
ESCO Technologies has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ESCO Technologies has a poor Appreciation Score of 26 but a good Power Rating of 84, triggering the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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