Media headlines about Esterline Technologies Corporation (NYSE:ESL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Esterline Technologies Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.8021639204812 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Esterline Technologies Corporation (NYSE:ESL) opened at 93.00 on Wednesday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 20.72 and a beta of 1.49. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70. The company’s 50 day moving average is $87.79 and its 200 day moving average is $91.37.
Esterline Technologies Corporation (NYSE:ESL) last released 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 business had revenue of $503.80 million for 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 9.18%. Esterline Technologies Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. Analysts forecast that Esterline Technologies Corporation will post $4.64 earnings per share for the current fiscal year.
Several analysts have recently weighed in on ESL shares. Zacks Investment Research cut shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Canaccord Genuity restated a “hold” rating and set a $90.00 price objective on shares of Esterline Technologies Corporation in a research report on Thursday, June 22nd. Credit Suisse Group lowered shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $106.00 to $100.00 in a report on Friday, August 4th. Finally, Seaport Global Securities initiated coverage on shares of Esterline Technologies Corporation in a report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.67.
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In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $91.04, for a total transaction of $693,815.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.
About Esterline Technologies Corporation
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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