ESCO Technologies Inc. (ESE)
Chart Events
Performance Outlook
| Previous Close | 109.83 |
| Open | 111.00 |
| Bid | 109.87 x 800 |
| Ask | 109.71 x 800 |
| Day's Range | 108.74 - 111.43 |
| 52 Week Range | 69.76 - 115.84 |
| Volume | 47,352 |
| Avg. Volume | 104,129 |
| Market Cap | 2.855B |
| Beta (5Y Monthly) | 1.06 |
| PE Ratio (TTM) | 99.78 |
| EPS (TTM) | 1.10 |
| Earnings Date | May 04, 2021 - May 10, 2021 |
| Forward Dividend & Yield | 0.32 (0.29%) |
| Ex-Dividend Date | Mar 31, 2021 |
| 1y Target Est | 114.67 |
Fair Value
Related Research
- GlobeNewswire
CEO’s of GAN Limited, FansUnite, ESE Entertainment and Penn National Gaming - Leading Global Boom in Online Betting Markets, and Interactive Entertainment
NEW YORK, April 14, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: GAN Limited (NASDAQ: GAN), FansUnite (OTC: FUNFF) (CSE: FANS), ESE Entertainment (TSX.V: ESE) (OTC: ENTEF), and Penn National Gaming (NASDAQ: PENN). Wall Street Reporter highlights the latest comments from industry thought leaders: GAN Limited (NASDAQ: GAN) CEO Dermot Smurfit: “On Path To $100 Million Revenue with Online Sports Betting and Casinos” “..While both the consumer attention and client demand remains focused on sports betting, the real core of the U.S. internet gambling profit opportunity lies inherently within the online casino, which is only unlocked by the mass market appeal of sports betting being a technical and operational capability, we will shortly possess…” “When you combine online casino gaming with internet poker, and of course, internet sports betting, New Jersey generated in excess of $132 million of gross operating revenue in that single state in the single month of October. This amount would have seemed implausible just two years ago. New Jersey is now on a path where internet gambling revenues could be on a monthly run rate to exceed pre-COVID retail gaming revenues by the end of 2022. I’ll state this again, because it is incredibly important for everyone to understand the magnitude of the structural shift in the retail casino industry. New Jersey’s internet gambling market is on a growth path to exceed pre-COVID monthly retail casino gaming revenues within 18 months, possibly less. This all points to bright line a truth that COVID combined with the advent of internet sports betting and the associated strong cross-sell of sports gamblers into online casino gaming has manifestly altered expected future growth opportunities in this industry for decades to come...Our continuing mission is to bring retail casinos online with our technology platform focused principally on delivering all forms of internet gambling content, including casino gaming and sports betting.” GAN Limited (NASDAQ: GAN) Earnings Highlights: https://bit.ly/32QlM0m FansUnite (OTC: FUNFF) (CSE: FANS) “Positioned for Exponential Revenue Growth in iGaming, E-Sports, Online Sports Betting” In their latest presentation at Wall Street Reporter’s NEXT SUPER STOCK livestream, FansUnite (OTC: FUNFF) (CSE: FANS) CEO Scott Burton, and President Darius Eghdami explained how FUNFF’s latest distribution deal with an online casino games aggregator, sets the stage for exponential revenue growth opportunities. In the next 12 months, FUNFF plans to expand its current line from three games to twelve - while adding multiple aggregators for each game - reaching millions of new online casino customers worldwide. With each game generating as much as $500,000 in revenue per month for FUNFF - per online casino - and the potential to be in hundreds of online casinos - these numbers can quickly add up. Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3sGSvAs April 14 - FUNNF reports record $28.3M in betting volume and a 136% increase in revenue for its McBookie subsidiary in Q1 2021, compared to same period last year. March 17 - FUNFF enters into a strategic partnership with TGS Esports Inc. (TGS), a leading esports solutions provider, to launch live esports tournament prediction games. TGS partners with organizations and brands to build and grow their esports communities via tournaments, broadcast production and events. March 4 - FUNFF applies for UK Gambling licenses, which will unlock its suite of betting products to operators in the U.K. online gambling market and deploy its B2C wagering platforms in the United Kingdom. These applications represent a critical step for FansUnite to expand its operations to the U.K., a jurisdiction that is considered to be one of the largest gambling markets in the world. February 10 - FUNFF engages the services of Ifrah Law PLLC, a prominent U.S. gaming law firm to collaborate with OneComply Inc. in assisting FansUnite with their U.S. licensing strategy. In response to the interest that FansUnite has received from U.S. gambling and casino operators for their sports betting and iGaming solutions, a founding member of Ifrah Law, Jeff Ifrah, will provide counsel to FansUnite on their rapid expansion strategy across the different U.S. jurisdictions beginning with New Jersey. Watch FansUnite (OTC: FUNFF) NEXT SUPER STOCK Video: http://bit.ly/3sGSvAs ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO Konrad Wasiela: ”E-Sports M&A Pipeline With Over $100 million Annual Revenues” ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO Konrad Wasiela, a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK investors livestream conference, recently updated investors on his goal of building ESE into a billions dollar global enterprise. Wasiela shared that “ESE now has a growing M&A pipeline with over $100 million annual revenues” and expected to close a significant number of these potential transactions in the coming months. ESE’s stated goal is to build a global E-Sports business with a valuation of $1 Billion+. Watch ESE (OTC: ENTEF) Next Super Stock livestream video: https://bit.ly/3qq59mb In his interview with Wall Street Reporter, ESE CEO Konrad Wasiela, says the company is now ready to scale - expanding its global footprint, with new partnerships with global brands like Porsche, driving revenue growth with aggressive focus on top line sales and margin expansion, and M&A opportunities. ESE is now rapidly expanding, with multiple revenue streams including, E-Sports infrastructure software powering global tournaments, exclusive digital media distribution, broadcast rights, and owning world-class leagues and teams, including it’s K1CK global E-Sports franchise. April 14 - ENTEF closes acquisition of Esports and gaming infrastructure company, WPG. In 2020, WPG’s assets generated revenue in excess of C$14,000,000. This transaction is anticipated to make ENTEF one of the largest esports infrastructure companies in the world, bridging esports companies with their fans and customers. March 17 - ENTEF announces launch of Virtual Pitstop, a new business unit dedicated to simulation racing (“sim racing”). Virtual Pitstop will provide technology for video game developers, racing fans, and gamers to engage in motorsport related esports across the globe. ENTEF CEO Konrad Wasiela, commented, “We are excited to announce the expansion of our digital Motorsport business with the launch of the Virtual Pitstop brand. Our past successful partnerships and business collaborations with Porsche, Kia, and Orlen are just the beginning. We see a significant opportunity to implement fast growing technology and monetization via AR/VR, NFTs, skins, and more.” Watch ESE (OTC: ENTEF) Next Super Stock livestream video: https://bit.ly/3qq59mb Penn National Gaming (NASDAQ: PENN) CEO Jay Snowden “Incredibly Optimistic About Barstool Sportsbooks Upside” “...Highlights from the fourth quarter include the continued momentum we're seeing for our Barstool Sports book app in Pennsylvania, strong retention, CRM efforts and creative promotions.. have led to an increased handle and market share. And most importantly, highlight our unique and unmatched approach to efficient customer acquisition...On January 22nd, we introduced our Barstool Sportsbook Mobile app in Michigan to very strong demand...Our next launch state will be in Illinois, where we plan to go live prior to March madness, pending regulatory approval. From there, we'll continue to roll out in new states every three to five weeks or so until we're operational in 10 or more states by the end of 2021....” “...Looking forward, we're anticipating an exciting new year as we continue to introduce Barstool-branded retail and mobile sports books across our portfolio, including brand-new builds at our two properties opening in Pennsylvania during the second half of '21...We have already seen very strong results from our retail sportsbooks, with our Indiana properties seeing meaningful increases in both gaming and non-gaming revenues following their rebranding at Barstool Sportsbooks. We are incredibly optimistic about the opportunities to unlock further upside as we introduce additional Barstool Sportsbook and sportsbars across the portfolio.” Penn National Gaming (NASDAQ: PENN) Earnings Call Highlights: http://bit.ly/3qMafcD WALL STREET REPORTER Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K About Wall Street Reporter’s Next Super Stock conference: Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/ CONTACT: WALL STREET REPORTER (212) 871-2057 ext 7 www.WallStreetReporter.com
- GlobeNewswire
ESE Completes Acquisition of Esports and Gaming Infrastructure Company, WPG
Positions ESE as One of the World’s Largest Esports Infrastructure CompaniesTransaction is anticipated to make ESE one of the largest esports infrastructure companies in the world, bridging esports companies with their fans and customers.In 2020, WPG’s assets generated revenue in excess of $14,000,000.The Transaction will add WPG’s existing client base to ESE. Clients of WPG’s subsidiary, WPG Racing Solutions, include one of the largest esports companies in the world, and one of the largest sports organizations.Acquisition will deliver on core strategic priorities of increasing revenue, expanding tier-1 client base, strengthening technology stack, expanding operational geography, adding experienced executives to ESE’s management, and increasing platform scalability through WPG’s over 100 staff. VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”) is pleased to announce that it has closed the previously-announced acquisition of 51% of the business of World Phoning Group Inc., Encore Telecom Inc., and their two European operating subsidiaries, WPG Racing Solutions and Foresight Resolutions (collectively, “WPG”), effective April 12, 2021. Under the terms of the Agreement, all of the assets of WPG were rolled into a newly incorporated Canadian company, World Performance Group Ltd. (the “Corporation”), and, pursuant to a share purchase agreement dated February 16, 2021 (the “Agreement”), ESE acquired 51% of the issued and outstanding shares of the Corporation (the “Transaction”). The Corporation will carry on the business of WPG following the closing of the Transaction (the “Closing”), which will allow ESE to further develop its robust esports and entertainment infrastructure business. WPG’s principal, Wayne Silver, has agreed to serve as the Corporation’s CEO to continue to operate WPG’s business and ensure smooth integration of WPG’s infrastructure into ESE’s existing operations. Mr. Silver has also been appointed to ESE’s advisory board. WPG is an enhanced solutions provider operating an infrastructure business for management of fan engagement for OTT & esports. WPG works with its customers to build new and improved B2C & B2B processes that align with the customer’s brand, boost retention, enhance fan interaction, improve ROI, and increase sales and profit margins. WPG provides bespoke, omni-channel solutions that encompass the traditional esports channels (voice, chat, email) and embrace new contact channels (Discord, Reddit, etc.) and social media used by millennials and many of today’s younger fans. WPG also offers robust out-sourced network services, including B2B and B2C services, and operates a global telecom network through Encore Telecom Inc. Wayne Silver, CEO of WPG, commented, “Since December 2020, our team has embraced becoming part of the ESE Family, and we're now pleased to say it's official. 2021 is off to a tremendous start for WPG. Since January 2021, we have hired over 45 new agents and a senior Operations Manager. This will be key to helping scale our sales efforts. In addition, we have our sights set to expand our geographic offering into the Middle East. With the added support from ESE’s team, we aim to continue to grow both organically and through acquisitions.” “Our company vision has been clear from the onset – acquire accretive and synergistic companies alongside organic growth to become the largest global esports company. This is now the second completed acquisition for ESE and we anticipate many more to come. From the moment we signed the WPG LOI in December 2020, we began integrating our two great teams. Wayne and the team at WPG are ready to accelerate operations and surpass our already ambitious expansion plan,” said Konrad Wasiela, CEO of ESE. Transaction Details The purchase price of the Transaction consisted of: (i) $128,019 in cash paid on Closing; (ii) 585,156 common shares of ESE (each, a “Common Share”) issued on Closing; and (iii) 6,664,845 Common Shares (the “Reverse Vesting Shares”) to be released in monthly installments over the 36 months following the Closing. ESE has also agreed to make an investment of $750,000 in the Corporation to fund its working capital needs. ESE has the option to acquire the remaining 49% of the issued and outstanding shares of the Corporation (the “Minority Interest”) at any time within 34 months following the Closing by: (i) paying $624,613 in cash; and (ii) issuing 2,500,000 Common Shares. World Phoning Group Inc. and Encore Telecom Inc. (together, the “Vendors”) have the right to sell the Minority Interest to ESE at any time within 34 months following the Closing upon the occurrence of a change of control event (the “Put Option”) in exchange for ESE (i) paying $780,766.88 in cash; and (ii) issuing 3,125,000 Common Shares. Wayne Silver will act as the Corporation’s CEO pursuant to the terms of an Executive Consulting Agreement (the “Executive Agreement”), which provides, among other things, that Mr. Silver will be entitled to an annual bonus based on the annual audited revenue of the Corporation (the “Performance Bonus”), subject to a limit that the Performance Bonus will be capped at three (3) times Mr. Silver’s annual salary under the Executive Agreement. If Mr. Silver voluntarily resigns from his position with the Corporation, ESE will have the right to repurchase for cancellation the unreleased portion of the Reverse Vesting Shares as of the date of such resignation for a nominal price. If ESE commits certain material events of default at any time within four (4) years of Closing, the Vendors will have the right to repurchase ESE’s shares in the Corporation at a price established by a formula set out in the Agreement. Such repurchase right will expire four (4) years after Closing. In connection with the Transaction, ESE will issue an aggregate of 435,000 Common Shares to ZDK Holdings Ltd. for providing M&A advisory services in connection with the Transaction. About ESE ESE is a Europe based entertainment and technology company focused on gaming, particularly on esports. ESE consists of multiple assets and world-class operators in the gaming and esports industries. Capabilities include physical infrastructure, broadcasting, global distribution for gaming and esports-related content, advertising, sponsorship support, and a growing esports team franchise, K1CK Esports. ESE is focused on bridging Europe, Asia and North America. | www.ese.gg About WPG WPG is a Canadian and European based infrastructure business for management of fan engagement for OTT & esports. WPG works with its customers to build new and improved B2C & B2B processes that align with the customer’s brand, boost retention, enhance off-site fan interaction, and improve ROI. WPG provides bespoke, omni-channel solutions, that encompass the traditional channels (voice, chat, email), social media channels (Twitter, Facebook) and embracing new community channels (Discord, Reddit, etc.), used by millennials and many of today’s younger fans and Generation Z. | www.wpgrs.org Forward-Looking Statements This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that ESE anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to (i) the expansion of WPG’s operations geographically; (ii) growing WPG’s business through acquisitions; (iii) the ability to scale WPG’s and ESE’s businesses; (iv) the likelihood of ESE acquiring the Minority Interest; (v) the effect of the Transaction on the parties, including the growth prospects of ESE following the Transaction; and (vi) the anticipated benefits associated with the Transaction. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of ESE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Among other things, there can be no assurance that the Transaction will be completed or that the anticipated benefits from the Transaction will be achieved. Such factors may be based on information currently available to ESE, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of ESE should be considered highly speculative. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE ESE Entertainment Inc.For further information about ESE, please contact:Daniel Mogil, Investor Relationsinvestors@ese.gg647-492-1535
- PR Newswire
Doble Simplifies Insulation System Testing of High Voltage Assets with Spark P3
Doble Engineering Company, a leader in power grid diagnostic solutions and subsidiary of ESCO Technologies Inc. (NYSE: ESE), today announced the release of the Spark P3, a universal partial discharge (PD) and electromagnetic interference (EMI) analyzer. The new device enables users across all experience levels to easily perform comprehensive PD and EMI insulation system diagnostics and analysis on a wide range of high voltage apparatuses, including rotating machines, power transformers, instrument transformers, switchgear, cables and accessories.
