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Espey Mfg. & Electronics Corp. (ESP)

NYSE American - Nasdaq Real Time Price. Currency in USD
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15.00-0.35 (-2.25%)
As of 11:40AM EDT. Market open.
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Engulfing Line (Bullish)

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Previous Close15.35
Open15.00
Bid0.00 x 1100
Ask15.95 x 1000
Day's Range15.00 - 15.45
52 Week Range14.49 - 23.00
Volume512
Avg. Volume11,322
Market Cap40.54M
Beta (5Y Monthly)0.18
PE Ratio (TTM)41.78
EPS (TTM)0.36
Earnings DateFeb 16, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 21, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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-34% Est. Return
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  • Is Espey Mfg. & Electronics Corp.'s (NYSEMKT:ESP) Stock On A Downtrend As A Result Of Its Poor Financials?
    Simply Wall St.

    Is Espey Mfg. & Electronics Corp.'s (NYSEMKT:ESP) Stock On A Downtrend As A Result Of Its Poor Financials?

    Espey Mfg. & Electronics (NYSEMKT:ESP) has had a rough three months with its share price down 24%. We decided to study...

  • Espey Suspends Dividend
    GlobeNewswire

    Espey Suspends Dividend

    SARATOGA SPRINGS, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has suspended its quarterly dividend. The Board of Directors of Espey Mfg. & Electronics Corp. has determined to suspend payment of a cash dividend which, in accordance with practice, would have been declared and paid prior to the end of this month. In making the determination, the Board balanced the objective of maintaining Espey’s strong position to address the business challenges caused by the global pandemic which continue to confront the industries the Company services, against the historical payment of consistent dividends to shareholders. Patrick Enright, Espey’s President and CEO, explained the Board’s decision. “The continued decline of the rail industry, the virtual collapse of the commercial airline market, the global shortage of electronic components and the erosion of on-time performance throughout the entire supply chain, will continue to contribute to delays in deliveries of product by the Company and put pressure on our earnings. We believe that conservative stewardship of our strong cash position will enable us to weather the current headwinds and to make timely and strategic investments in personnel and new programs. The Company has a robust backlog of orders and the Board determined that this approach will enable Espey to come through the pandemic in a strong position to deliver existing orders effectively and efficiently.” Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Mr. David O'Neil at (518) 245-4400. Certain statements in this press release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

  • Espey Mfg. & Electronics Corp. reports second quarter results
    GlobeNewswire

    Espey Mfg. & Electronics Corp. reports second quarter results

    SARATOGA SPRINGS, N.Y., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first six months of fiscal year 2021. Net sales for the second quarter of fiscal year 2021, October 1 to December 31, 2020, were $6,962,065, compared with last year's second quarter net sales of $7,286,674. Net loss for the quarter was $(181,006), $(0.08) per diluted share, as compared to net income of $228,964, $0.10 per diluted share for the same quarter last year. For the first six months of fiscal year 2021, July 1 to December 31, 2020, net sales were $14.2 million, compared with $13.2 million for the first six months of fiscal year 2020. Net income for the period was $8,817, $0.00 per diluted share, compared with net income of $310,740, $0.13 per diluted share, for the same period last year. The backlog for the Company was $60.1 million at December 31, 2020, compared with last year's backlog of $58.4 million at December 31, 2019. New orders in the first six months of fiscal year 2021 were $19.4 million, compared with new orders in the first six months of fiscal year 2020 of $26 million. Mr. Patrick Enright, President and CEO, commented, The current quarter was a challenge with reduced sales and a product mix that netted overall lower margins, which were further exacerbated by a pandemic-related contract cancellation which resulted in us recognizing a loss for the quarter. Specific to the cancellation, we recognized an inventory write-off equivalent to fifty percent of the contract’s capitalized inventory value. Product under this engineering design and production contract was intended to be used in the commercial airline industry, which continues to be significantly impacted by the Coronavirus. As we work with our customer on the terms of the contract cancellation, we will look for alternate uses for this technology. Looking ahead, we currently believe annual sales will likely be in-line with the prior year sales but earnings-per share will be lower than prior year, a decrease from the original plan. However, new order bookings are expected to remain on target to reach $40 million for the current fiscal year and our backlog remains strong at $60.1 million as of December 31, 2020. Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com. For further information, contact Mr. David O’Neil (518)245-4400. This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.