ESCO Technologies Inc. (ESE) has been initiated today with coverage from the research analysts at brokerage firm Oppenheimer. Oppenheimer begins this new coverage of ESE with an initial price target set at $46 dollars and provided a “outperform” rating for ESE.
ESCO Tech is slated to release their next earnings report on August 2nd, 2011 and is estimated to post EPS of 45 cents. Their last earnings report was released on May 3rd, 2011 and announced EPS of 49 cents with revenue totaling 166.7 million which was up 28.9 % year to year. ESE is currently trading below its 50 & 200-day moving averages and 2011 is a down year for the company.
ESCO Technologies Inc. is a producer of engineered products and systems sold to customers worldwide, primarily for utility, industrial, aerospace and commercial applications. The company has market capitalization of $981,000,000 and 26,605,000 shares outstanding. ESE has a 52-week high of $43.15 with the low being $24.55.