Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) announced its earnings results on Wednesday. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.19, FiscalAI reports. Espey Mfg. & Electronics had a net margin of 25.50% and a return on equity of 20.38%. The business had revenue of $13.47 million for the quarter, compared to the consensus estimate of $14.80 million.

Espey Mfg. & Electronics Stock Up 1.0%

Shares of Espey Mfg. & Electronics stock opened at $64.30 on Wednesday. Espey Mfg. & Electronics has a 52-week low of $36.00 and a 52-week high of $74.77. The company’s 50-day simple moving average is $61.78 and its 200-day simple moving average is $61.48. The firm has a market cap of $192.90 million, a price-to-earnings ratio of 16.97 and a beta of 0.37.

Espey Mfg. & Electronics Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 18th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, September 18th. Espey Mfg. & Electronics’s dividend payout ratio is 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp. (NYSEAMERICAN: ESP) is a U.S.-based defense electronics company that designs and manufactures specialized electronic systems and components for military and aerospace applications. Its products support the power, computing, display, communications, and control requirements of defense platforms and other mission-critical systems.

The company’s offerings include power supplies and power-conversion equipment, ruggedized electronic assemblies, embedded computing systems, video and display products, and systems used in radar and other defense applications.