ESCO Technologies stock gains 1.91 percent after Megger deal

Published on 10/04/2026 at 12:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ESCO Technologies stock closed at USD 275.08 on October 2, 2026, after the Megger acquisition. Q3 sales reached USD 339.027 million.

ESE, US2963151046, Illustration mit AI erstellt.

ESCO Technologies stock (ISIN US2963151046) closed at USD 275.08 on the NYSE on October 2, 2026, up 1.91 percent from the previous session. The move followed ESCO's completion of the Megger acquisition on October 1, a transaction that expands its utility testing business.

Megger expands utility reach

According to GlobeNewswire on October 1, 2026, ESCO completed its purchase of Megger Group Limited from TBG AG. Megger will join ESCO's Utility Solutions Group and provides testing, monitoring, and data-driven solutions for utilities and critical electric infrastructure.

The acquisition also changes the financing picture. According to StockTitan in its October 2, 2026 report on ESCO's 8-K, the company paid USD 922 million in cash and issued 5.10 million common shares for Megger. The filing also disclosed USD 1.0 billion of borrowing under a new credit agreement.

Q3 revenue rises 14 percent

ESCO's latest reported quarter ended June 30, 2026. StockTitan reported that Q3 sales rose 14 percent to USD 339 million, while GAAP EPS from continuing operations increased 31 percent to USD 1.26. Adjusted EPS reached USD 2.20, up 38 percent, and adjusted EBIT margin expanded by 90 basis points.

The comparison gives investors two different signals: operating growth accelerated, while the Megger deal adds leverage and share dilution before ESCO publishes fiscal 2027 guidance in November. The company's first nine months of fiscal 2026 produced adjusted EPS of USD 5.75, according to the same filing report.

Consensus target stays above price

MarketBeat lists a Buy consensus based on five analysts, with an average target of USD 416.50, a high of USD 420.00, and a low of USD 413.00. The average target lies 51.4 percent above the October 2 price of USD 275.08.

Stock remains below yearly high

ESCO Technologies stock closed at USD 275.08 on October 2, 2026, with a 52-week range of USD 193.68 to USD 362.15. Trading volume was 167,093 shares and market capitalization was USD 7.1 billion.