Sneak Preview of ESCO Technologies Inc. ($ESE) 3Q20 Earnings

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ESCO Technologies Inc. (NYSE:ESE) is reporting third quarter earnings results on Monday 10th August 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.48 per share from $ 172.50 million in revenue.

For the full year, analysts predict revenues of $ 733.19 million, while looking forward to income of $ 2.39 per share.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 886.14 million ~ $ 894.27 million, where as bottomline are predicted in a range of $ 3.20 ~ $ 3.30 per share

Click Here For More Historical Outlooks Of ESCO Technologies Inc.

Previous Quarter Performance

ESCO Technologies Inc. recorded income for the second quarter of $ 0.68 per share, from the revenue of $ 180.49 million. The quarterly earnings contracted 10.53 percent compared with the same quarter last year. Wall street analysts are predicting, ESE to report 2Q20 income of $ 0.57 per share from revenue of $ 180.52 million. The bottom line results beat street analysts by $ 0.11 or 19.30 percent, at the same time, top line results fell short of analysts by $ 0.03 million or 0.02 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of ESCO Technologies Inc.

Stock Performance

According to the previous trading day, closing price of ESE was $ 90.65, representing a 44.72 % increase from the 52 week low of $ 62.64 and a 15.36 % decrease over the 52 week high of $ 107.10.

The company has a market capital of $ 2.36 billion and is part of the Technology sector and Scientific & Technical Instruments industry.

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Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.08 per share on May 6, 2020. The dividend were payable on July 16, 2020 to holders of record as of the close of business on July 2, 2020 and ex-dividend date on July 1, 2020.

Conference Call

ESCO Technologies Inc. will be hosting a conference call at 5:00 PM eastern time on 10th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.escotechnologies.com

ESCO Technologies Inc. produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The company operates in four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG), and Technical Packaging.