Defense electronics firm Espey Q4 sales rise on strong operational execution

By Reuters News


Overview

  • US military power supply maker's fiscal Q4 sales rose yr/yr

  • Adjusted EPS for fiscal Q4 increased yr/yr

  • Company backlog fell to $134.9 mln from $139.7 mln a year earlier


Outlook

  • Company did not provide specific financial guidance for the upcoming quarter or fiscal year


Result Drivers

  • OPERATIONAL EXECUTION - CEO said record revenue and gross profits were driven by strong operational execution


Company press release:


Key Details

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)


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 September 22 closing price of $64.30

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • Sept 21 - Lockheed wins US Army missile contract worth up to $1.2 billion


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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