For its third fiscal quarter (ending June 30), ESCO Technologies Inc. (NYSE: ESE) has reported a 5% increase in E.P.S. from $1.08 a year ago to $1.13 in the current quarter. However, this performance was $-0.07 short of the consensus estimate of $1.20. E.P.S. were $3.86 for the latest four quarters through June 30 versus $3.54 for the same period a year ago — an increase of 9%.
Recent Price Action
On 8/7/24, ESCO Technologies Inc. (NYSE: ESE) stock declined slightly by -0.5%, closing at $112.22. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -7.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ESE is expected to continue to be a Value Builder.
ESCO Technologies has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ESCO Technologies has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 59, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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