State of Alaska Department of Revenue Sells 332 Shares of ESCO Technologies
July 7, 2023
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The State of Alaska Department of Revenue recently announced that it has sold 332 Shares of ESCO ($NYSE:ESE) Technologies Inc. in Defense World. ESCO Technologies Inc. is a leading provider of sophisticated electrical, electronic and communications products and systems for the aerospace, defense and energy industries. ESCO’s products and systems are based on proprietary technologies that are continuously developed to ensure reliable performance and cost-effective solutions. The company has a strong commitment to providing innovative solutions to their customers by offering a broad portfolio of products and services that meet their specific requirements. As a trusted supplier to customers in the aerospace, defense and energy industries, ESCO Technologies Inc. has gained a strong reputation for providing reliable, cost-effective solutions that meet their needs.
Earnings
The report outlined the company’s total revenue for the quarter, which came to 166.64M USD – a 18.7% decrease compared to the previous year. ESCO TECHNOLOGIES‘ total revenue has seen growth in the last three years, increasing from 166.64M USD to 229.14M USD. This indicates that despite the recent decline, the company is still making improvements in both their short and long-term financials. With continued improvement and strategic investments, ESCO TECHNOLOGIES stands to continue its streak of success.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Esco Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 910.2 | 86.82 | 9.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Esco Technologies. More…
| Operations | Investing | Financing |
| 106.81 | -49.01 | -60.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Esco Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.68k | 601.81 | 40.54 |
Key Ratios Snapshot
Some of the financial key ratios for Esco Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.1% | 3.0% | 13.1% |
| FCF Margin | ROE | ROA |
| 7.8% | 7.0% | 4.4% |
Price History
This decision caused the company’s stock to open at $102.7 and close at $100.7, a decrease of 2.9% from the previous day’s closing value of $103.7. This action was taken to help the state raise funds for its budget and was met with mixed reactions. Financial analysts continue to speculate about the long-term effects of the sale, however, it is clear that the Alaska Department of Revenue has made its decision. Live Quote…
Analysis
At GoodWhale, we have carried out an analysis of ESCO TECHNOLOGIES‘ fundamentals. Our assessment based on Risk Rating indicates that ESCO TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. While this may be suitable for some investors, it is important to note that we have detected 1 risk warning in the balance sheet which could be a cause for concern. If you would like to investigate this further, we invite you to become a registered user on our platform. More…
Peers
The company’s main competitors are Shenzhen Anche Technologies Co Ltd, Teledyne Technologies Inc, and Horiba Ltd.
– Shenzhen Anche Technologies Co Ltd ($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 Inc. recently experienced significant activity in the stock market when the State of Alaska Department of Revenue sold 332 shares of its stock. This move signals that investors may be cautious about the company’s performance in the future. Analysis of the company’s financials reveals a mixed picture, with revenue and net income both falling in the latest reported quarter compared to the same period last year.
However, the drop in revenue was offset by a decrease in operating expenses, which allowed the company to remain profitable. Overall, while there are some potential risks associated with investing in ESCO Technologies, its strong financials and market position suggest that it could be a profitable long-term investment.
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