ESE Stock Summary and Trading Ideas (Esco Technologies | NYSE:ESE)

ESCO Technologies Inc sells engineered products and systems for utility, industrial, aerospace, and commercial applications. The firm operates in three segments: Aerospace and Defense, Utility Solutions Group (USG) and RF Shielding and Test (Test). The Aerospace and Defense segment designs and manufactures specialty filtration and naval products. The USG segment provides diagnostic testing solutions. The Test segment provides its customers with the ability to identify, measure and contain magnetic, electromagnetic and acoustic energy.

Esco Technologies trades on the NYSE stock market under the symbol ESE.

As of April 25, 2024, ESE stock price declined to $103.38 with 7,061 million shares trading.

ESE has a beta of 0.91, meaning it tends to be less sensitive to market movements. ESE has a correlation of 0.19 to the broad based SPY ETF.

ESE has a market cap of $2.67 billion. This is considered a Mid Cap stock.

Last quarter Esco Technologies reported $218 million in Revenue and $.62 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.03.

In the last 3 years, ESE stock traded as high as $118.60 and as low as $60.03.

The top ETF exchange traded funds that ESE belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

ESE has underperformed the market in the last year with a return of +6.2%, while the SPY ETF gained +22.7%. In the last 3 month period, ESE fell short of the market, returning -1.9%, while SPY returned +3.2%. However, in the most recent 2 weeks ESE has outperformed the stock market by returning +1.1%, while SPY returned -2.8%.

ESE support price is $102.28 and resistance is $106.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESE stock will trade within this expected range on the day.