ESCO Technologies Inc. (NYSE:ESE) Plans Quarterly Dividend of $0.08

ESCO Technologies Inc. (NYSE:ESE - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Wednesday, April 2nd will be paid a dividend of 0.08 per share by the scientific and technical instruments company on Thursday, April 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Wednesday, April 2nd.

ESCO Technologies has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ESCO Technologies to earn $5.64 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 5.7%.

ESCO Technologies Stock Performance

NYSE ESE traded up $3.45 on Monday, hitting $162.02. 254,184 shares of the company's stock traded hands, compared to its average volume of 103,053. ESCO Technologies has a 1-year low of $96.69 and a 1-year high of $165.34. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.18 billion, a PE ratio of 38.03 and a beta of 1.13. The firm's 50-day moving average price is $136.01 and its two-hundred day moving average price is $129.99.

ESCO Technologies (NYSE:ESE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The scientific and technical instruments company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.34. ESCO Technologies had a return on equity of 9.99% and a net margin of 10.44%. As a group, analysts expect that ESCO Technologies will post 4.8 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ESE shares. StockNews.com raised shares of ESCO Technologies from a "hold" rating to a "buy" rating in a research note on Monday, January 20th. Benchmark reaffirmed a "buy" rating and set a $150.00 target price on shares of ESCO Technologies in a report on Friday, November 15th.

About ESCO Technologies

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.