Esterline Technologies Corporation (NYSE:ESL) - Equities research analysts at SunTrust Banks reduced their Q4 2017 earnings per share estimates for Esterline Technologies Corporation in a report issued on Thursday. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings of $1.52 per share for the quarter, down from their prior estimate of $1.63. SunTrust Banks also issued estimates for Esterline Technologies Corporation’s Q1 2018 earnings at $0.86 EPS and Q4 2018 earnings at $1.89 EPS.
ESL has been the topic of a number of other research reports. Canaccord Genuity reiterated a “hold” rating and set a $90.00 price target on shares of Esterline Technologies Corporation in a report on Thursday, June 22nd. Credit Suisse Group lowered their price target 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. Zacks Investment Research upgraded Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Monday, May 8th. Jefferies Group LLC reiterated a “hold” rating and set a $92.00 price target on shares of Esterline Technologies Corporation in a report on Thursday, May 18th. Finally, BidaskClub upgraded Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $95.67.
Esterline Technologies Corporation (NYSE:ESL) traded up 1.83% during trading on Monday, reaching $86.05. The company had a trading volume of 18,304 shares. The stock has a 50 day moving average price of $97.02 and a 200 day moving average price of $91.51. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 19.25 and a beta of 1.43. Esterline Technologies Corporation has a 12 month low of $64.99 and a 12 month high of $102.70.
Esterline Technologies Corporation (NYSE:ESL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.22. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The business had revenue of $503.80 million for the quarter, compared to analysts’ expectations of $522.38 million. During the same quarter last year, the company posted $1.38 earnings per share. The business’s quarterly revenue was down 2.6% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its stake in Esterline Technologies Corporation by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock worth $181,000 after buying an additional 60 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Esterline Technologies Corporation during the second quarter worth about $202,000. Oakbrook Investments LLC purchased a new stake in Esterline Technologies Corporation during the second quarter worth about $209,000. Invictus RG boosted its stake in Esterline Technologies Corporation by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock worth $194,000 after buying an additional 898 shares during the last quarter. Finally, Perkins Coie Trust Co boosted its stake in Esterline Technologies Corporation by 7.9% in the second quarter. Perkins Coie Trust Co now owns 2,729 shares of the aerospace company’s stock worth $259,000 after buying an additional 200 shares during the last quarter. 90.22% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of Esterline Technologies Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total transaction of $749,805.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert David George sold 26,700 shares of Esterline Technologies Corporation stock in a transaction on 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 sale, the chief financial officer now directly owns 29,960 shares of the company’s stock, valued at approximately $2,800,061.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,170 shares of company stock valued at $3,865,674. 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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