Media stories about Esterline Technologies Corporation (NYSE:ESL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Esterline Technologies Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 45.6590069846777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Edited Transcript of ESL earnings conference call or presentation 3-Aug-17 9:00pm GMT (finance.yahoo.com)
- Esterline Technologies (ESL) Shares Cross Below 200 DMA (nasdaq.com)
- Esterline Technologies (ESL) Q3 2017 Results - Earnings Call Transcript (seekingalpha.com)
- Canaccord Genuity Raises Esterline Technologies Corporation (ESL) Price Target to $92.00 (americanbankingnews.com)
- Esterline Technologies Corporation (ESL) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
Shares of Esterline Technologies Corporation (NYSE:ESL) traded down 14.45% during mid-day trading on Friday, hitting $83.80. 673,657 shares of the stock traded hands. The firm’s 50 day moving average price is $97.02 and its 200 day moving average price is $91.51. Esterline Technologies Corporation has a 12-month low of $59.56 and a 12-month high of $102.70. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 18.75 and a beta of 1.43.
Esterline Technologies Corporation (NYSE:ESL) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by $0.22. The company had revenue of $503.80 million during the quarter, compared to analysts’ expectations of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.36%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 EPS. On average, equities research analysts predict that Esterline Technologies Corporation will post $4.88 EPS for the current fiscal year.
Several research firms recently commented on ESL. Credit Suisse Group lowered shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating in a research report on Friday. Canaccord Genuity lifted their target price on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research lowered shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 target price on shares of Esterline Technologies Corporation in a research report on Tuesday, April 18th. Finally, BidaskClub upgraded shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Esterline Technologies Corporation presently has an average rating of “Hold” and a consensus price target of $95.67.
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In other news, CFO Robert David George sold 26,700 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total value of $2,495,382.00. Following the completion of the transaction, the chief financial officer now owns 29,960 shares in the company, valued at approximately $2,800,061.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Albert S. Yost sold 6,700 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $92.61, for a total transaction of $620,487.00. The disclosure for this sale can be found here. Insiders sold a total of 41,170 shares of company stock valued at $3,865,674 in the last quarter. Insiders own 1.40% of the company’s stock.
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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