Espey Mfg. & Electronics (ESP) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Espey Mfg. & Electronics is expected to report quarterly results before the market opens on May 12, with analysts forecasting $0.88 EPS and $13.2 million in revenue.
• In the prior quarter the company posted $0.99 EPS, beating estimates, with revenue of $12.14 million, a return on equity of 19.09% and a net margin of 23.37%.
• Shares recently traded up to $70.43 (market cap ≈ $208.5M, P/E ~20.6); the company pays a quarterly dividend of $0.25 (≈1.4% yield) and insiders have sold roughly 14,498 shares (~$770,212) in the last 90 days.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) is projected to announce its results before the market opens on Tuesday, May 12th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $13.20 million for the quarter.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.23. Espey Mfg. & Electronics had a return on equity of 19.09% and a net margin of 23.37%.The company had revenue of $12.14 million during the quarter, compared to the consensus estimate of $12.40 million.

Espey Mfg. & Electronics Trading Up 2.4%

Shares of Espey Mfg. & Electronics stock traded up $1.65 on Tuesday, hitting $70.43. The stock had a trading volume of 10,235 shares, compared to its average volume of 21,351. Espey Mfg. & Electronics has a 52-week low of $30.30 and a 52-week high of $73.50. The stock has a market cap of $208.48 million, a price-to-earnings ratio of 20.57 and a beta of 0.44. The company's 50 day moving average price is $59.92 and its 200 day moving average price is $50.40.

Espey Mfg. & Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 20th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, March 20th. Espey Mfg. & Electronics's payout ratio is presently 40.82%.

Analyst Upgrades and Downgrades

Separately, Freedom Capital raised Espey Mfg. & Electronics to a "strong-buy" rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Strong Buy".

Insiders Place Their Bets

In other Espey Mfg. & Electronics news, Director Michael W. Wool sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the transaction, the director owned 17,400 shares in the company, valued at approximately $1,007,460. The trade was a 5.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul J. Corr sold 2,400 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $57.90, for a total value of $138,960.00. Following the transaction, the director owned 20,439 shares in the company, valued at $1,183,418.10. The trade was a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,498 shares of company stock worth $770,212. Company insiders own 5.54% of the company's stock.

Hedge Funds Weigh In On Espey Mfg. & Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in Espey Mfg. & Electronics by 6.3% during the 4th quarter. First Trust Advisors LP now owns 6,866 shares of the company's stock worth $324,000 after purchasing an additional 404 shares during the period. American Century Companies Inc. increased its position in Espey Mfg. & Electronics by 27.4% during the 2nd quarter. American Century Companies Inc. now owns 11,234 shares of the company's stock worth $514,000 after purchasing an additional 2,415 shares during the period. Steel Partners Holdings L.P. acquired a new position in Espey Mfg. & Electronics during the 4th quarter worth approximately $784,000. Two Sigma Investments LP acquired a new position in Espey Mfg. & Electronics during the 3rd quarter worth approximately $1,047,000. Finally, Geode Capital Management LLC increased its position in Espey Mfg. & Electronics by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 24,692 shares of the company's stock worth $1,165,000 after purchasing an additional 745 shares during the period. Institutional investors and hedge funds own 36.65% of the company's stock.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company's core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey's sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.

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