Esco Technologies Stock Fair Value – ESCO TECHNOLOGIES Reports Fourth Quarter Earnings For Fiscal Year 2023

🌥️Earnings Overview

On November 16 2023, ESCO TECHNOLOGIES ($NYSE:ESE) announced its earnings results for the fourth quarter of its fiscal year 2023, ending September 30 2023. Overall, the company saw an increase of 6.3% in revenue from the same period a year before, reaching USD 272.6 million, while net income rose by 3.1%, amounting to USD 32.0 million.

Market Price

The company’s stock opened at $104.0 and closed at $103.5, down by 0.9% from the previous closing price of 104.5. This decrease can be attributed to the company’s lackluster performance in the quarter, as reported by the financial results. In addition to their financial results, ESCO TECHNOLOGIES also highlighted some of their key accomplishments for the quarter. Notable among these was the successful launch of their new product line, which they said had generated significant interest among customers.

The company also increased their research and development expenditure, which they expect will lead to long-term benefits. Overall, while the fourth quarter earnings report from ESCO TECHNOLOGIES may have been slightly disappointing, the company is confident that their investments in new products and technology will pay off in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Esco Technologies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Esco Technologies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Esco Technologies. More…

Key Ratios Snapshot

Some of the financial key ratios for Esco Technologies are shown below. More…

Analysis – Esco Technologies Stock Fair Value

We at GoodWhale recently conducted a thorough analysis of ESCO TECHNOLOGIES‘s well-being. After careful evaluation, we determined that the fair value of the company’s share is around $104.6. This was calculated using our exclusive Valuation Line, which takes into account all factors that affect the stock and provides an accurate estimate of its worth. At the moment, ESCO TECHNOLOGIES stock is being traded at $103.5, which is a fair price. More…

Peers

The company’s main competitors are Shenzhen Anche Technologies Co Ltd, Teledyne Technologies Inc, and Horiba Ltd.

– Shenzhen Anche Technologies Co Ltd ($SZSE:300572)

Shenzhen Anche Technologies Co Ltd is a Chinese electronics company with a market cap of 2.91B as of 2022. The company has a return on equity of 1.62%. Shenzhen Anche Technologies Co Ltd designs, manufactures, and sells electronic products and components worldwide. The company’s products include semiconductors, integrated circuits, and other electronic components.

– Teledyne Technologies Inc ($NYSE:TDY)

Founded in 1960, Teledyne Technologies Inc is a provider of advanced electronics, instrumentation and digital imaging products and services. Headquartered in Thousand Oaks, California, the company operates through four segments: Teledyne Controls, Teledyne Imaging, Teledyne Instrumentation, and Teledyne Marine. Teledyne Technologies has a market capitalization of $18.52 billion as of 2022 and a return on equity of 7.49%. The company’s products are used in a variety of applications including aerospace, defense, oil and gas exploration, medical imaging, and scientific research.

– Horiba Ltd ($TSE:6856)

As of 2022, Horiba Ltd has a market cap of 253.18B and a ROE of 9.91%. The company produces a wide variety of measuring instruments and systems for applications in the automotive, medical, semiconductor, and scientific industries. Horiba’s products are used in a number of different ways, including emissions testing, engine analysis, medical diagnosis, and scientific research. The company has a long history and a strong reputation in the measuring instrument industry.

Summary

ESCO TECHNOLOGIES has released its earnings report for the fourth quarter of 2023, reporting total revenue of USD 272.6 million, a 6.3% increase from the same period last year. Net income was USD 32.0 million, up 3.1% from the prior year. Investors may view these numbers positively, as they show that the company has increased its revenues and profits.

Additionally, the rise of 3.1% in net income could indicate that ESCO TECHNOLOGIES is becoming more efficient with its operations, making more money with the same amount of resources. Overall, investors may see ESCO TECHNOLOGIES as a company with great potential for growth.