With 2.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.3 million shares. The 52-week range on ESI shows that it touched its highest point at $29.78 and its lowest point at $21.42 during that stretch. It currently has a 1-year price target of $31.20. With its current market cap of 6.56 billion, ESI has annualized dividend of $0.32 while the current yield stands at 1.18%. Beta for the stock currently stands at 1.30.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ESI was up-trending over the past week, with a rise of 4.19%, but this was up by 3.00% over a month. Three-month performance dropped to -3.49% while six-month performance rose 5.66%. The stock gained 13.54% in the past year, while it has gained 6.53% so far this year. A look at the trailing 12-month EPS for ESI yields 1.01 with Next year EPS estimates of 1.69. For the next quarter, that number is 0.33. This implies an EPS growth rate of 1.23% for this year and 15.72% for next year. EPS is expected to grow by 10.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.87%.
Float and Shares Shorts:
At present, 242.20 million ESI shares are outstanding with a float of 221.71 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ESI since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.44671 being high and $1.42675 being low. For ESI, this leads to a yearly average estimate of $1.43673. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.35.
