Esterline Technologies Corporation (NYSE:ESL) will be issuing its quarterly earnings data after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Esterline Technologies Corporation has set its FY17 guidance at $4.50 - $4.90 EPS.
Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings results on Thursday, May 4th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.29. Esterline Technologies Corporation had a return on equity of 9.94% and a net margin of 6.56%. The business had revenue of $509.20 million for the quarter, compared to the consensus estimate of $491.74 million. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. On average, analysts expect Esterline Technologies Corporation to post $4.89 EPS for the current fiscal year and $5.43 EPS for the next fiscal year.
Esterline Technologies Corporation (NYSE ESL) opened at 97.65 on Wednesday. The stock’s 50 day moving average price is $97.02 and its 200-day moving average price is $91.51. The company has a market cap of $2.91 billion, a P/E ratio of 21.85 and a beta of 1.43. Esterline Technologies Corporation has a 52-week low of $59.56 and a 52-week high of $102.70.
Several equities research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 price objective on shares of Esterline Technologies Corporation in a report on Tuesday, July 25th. BidaskClub upgraded Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Canaccord Genuity reiterated a “hold” rating and issued a $86.00 price objective on shares of Esterline Technologies Corporation in a report on Thursday, April 20th. Credit Suisse Group cut their price objective on Esterline Technologies Corporation from $106.00 to $96.00 and set an “outperform” rating on the stock in a report on Monday, May 15th. Finally, Zacks Investment Research downgraded Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Esterline Technologies Corporation currently has an average rating of “Hold” and a consensus target price of $95.33.
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In related news, EVP Albert S. Yost sold 6,700 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $92.61, for a total transaction of $620,487.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total value of $749,805.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,170 shares of company stock valued at $3,865,674 over the last three months. 1.40% of the stock is currently owned by insiders.
Esterline Technologies Corporation Company Profile
Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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