Gloria L. Valdez, a director at ESCO Technologies Inc . (NYSE:ESE), recently sold 2,349 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $148.5951 each, totaling approximately $349,049. Following this transaction, Valdez no longer holds any shares in the company. The sale was executed on November 22, as per the Form 4 report filed.
In other recent news, ESCO Technologies Inc. outperformed Q4 estimates and issued a robust fiscal 2025 guidance. The engineered products manufacturer revealed an adjusted earnings per share of $1.46 for Q4, surpassing analyst estimates of $1.44. Revenue saw a 9.5% YoY increase, reaching $298.5 million, slightly above the expected $297.3 million. For the entire fiscal year 2024, the company's sales rose 7.4% to $1.03 billion, while adjusted EPS experienced a 13% growth to $4.18.
Looking forward, ESCO Technologies projects fiscal 2025 revenue to range between $1.09 billion and $1.11 billion, exceeding analyst forecasts of $1.06 billion. The company anticipates an adjusted EPS of $4.70 to $4.90, marking a 12-17% growth over fiscal 2024. The Aerospace & Defense segment showed remarkable performance, with Q4 sales escalating 16.2% YoY to $124 million. For the first quarter of fiscal 2025, the company expects an adjusted EPS of $0.68 to $0.75, a 10-21% YoY increase. These are the latest developments for ESCO Technologies Inc.
InvestingPro Insights
ESCO Technologies Inc. (NYSE:ESE) has been experiencing significant market momentum, with InvestingPro data showing a strong 26.12% price return over the last three months and an impressive 42.07% return over the past year. This upward trend aligns with the timing of Gloria L. Valdez's recent stock sale, potentially indicating a strategic decision to capitalize on the company's robust performance.
The company's financial health appears solid, with InvestingPro Tips highlighting that ESCO operates with a moderate level of debt and maintains liquid assets exceeding short-term obligations. This financial stability is further underscored by the company's consistent dividend payments, which have been maintained for 16 consecutive years.
However, investors should note that ESE is currently trading at a high P/E ratio of 37.82, which is elevated relative to its near-term earnings growth. This valuation metric, combined with an InvestingPro Tip suggesting the stock is in overbought territory based on its RSI, may provide context for why insiders like Valdez might choose to sell at current price levels.
For those seeking a deeper understanding of ESCO Technologies' financial position and market outlook, InvestingPro offers 12 additional tips, providing a comprehensive analysis for informed investment decisions.
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