Defense electronics firm Espey Q4 sales rise on strong operational execution
ESP•Analyst coverage
The one available analyst rating on the shares is hold.
The average consensus recommendation for the electrical components & equipment peer group is buy.
Wall Street's median 12-month price target for Espey MFG & Electronics Corp is $65.00, about 1.1% above its Sept. 22 closing price of $64.30.
The stock recently traded at 17 times the next 12-month earnings versus a P/E of 15 three months ago.
Backlog and outlook
The company said backlog fell to $134.9 million from $139.7 million a year earlier.
Espey did not provide specific financial guidance for the upcoming quarter or fiscal year.
Q4 sales and earnings
US military power supply maker Espey reported fiscal fourth-quarter sales rose year over year, while adjusted EPS increased year over year.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Sales | Miss | $13.47 mln | $14.80 mln (1 Analyst) |
| Q4 EPS | Beat | $1.15 | $0.96 (1 Analyst) |
Operational execution drove results
Company CEO said record revenue and gross profits were driven by strong operational execution.
