Jefferies Group reiterated their hold rating on shares of Esterline Technologies (NYSE:ESL) in a research report sent to investors on Monday. Jefferies Group currently has a $83.00 price objective on the aerospace company’s stock.
A number of other brokerages have also issued reports on ESL. Seaport Global Securities started coverage on Esterline Technologies in a research report on Tuesday, September 12th. They issued a neutral rating and a $93.00 target price on the stock. Credit Suisse Group reissued a neutral rating and issued a $70.00 target price (down previously from $100.00) on shares of Esterline Technologies in a research report on Tuesday, December 12th. SunTrust Banks lowered Esterline Technologies from a buy rating to a hold rating and set a $106.00 target price on the stock. in a research report on Friday, November 10th. ValuEngine raised Esterline Technologies from a hold rating to a buy rating in a research report on Friday, December 1st. Finally, Canaccord Genuity reissued a hold rating on shares of Esterline Technologies in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $80.17.
Shares of Esterline Technologies (ESL) traded down $2.00 during trading on Monday, reaching $75.40. The company had a trading volume of 206,053 shares, compared to its average volume of 227,344. Esterline Technologies has a 1-year low of $68.30 and a 1-year high of $102.70. The firm has a market cap of $2,260.00, a price-to-earnings ratio of 18.17, a PEG ratio of 1.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25.
Esterline Technologies (NYSE:ESL) last announced its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a net margin of 6.99% and a return on equity of 8.25%. The firm had revenue of $531.50 million during the quarter, compared to analyst estimates of $540.55 million. During the same period in the prior year, the business posted $1.96 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. analysts anticipate that Esterline Technologies will post 3.85 EPS for the current fiscal year.
In related news, Director Delores M. Etter purchased 1,000 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $72.13 per share, with a total value of $72,130.00. Following the transaction, the director now directly owns 13,627 shares of the company’s stock, valued at $982,915.51. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total value of $453,780.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 6,800 shares of company stock worth $479,015 and have sold 268,290 shares worth $25,452,666. 1.30% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the business. Stephens Inc. AR increased its position in shares of Esterline Technologies by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 3,490 shares of the aerospace company’s stock worth $331,000 after purchasing an additional 15 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Esterline Technologies by 0.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,431 shares of the aerospace company’s stock worth $1,368,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Esterline Technologies by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 120 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Esterline Technologies by 13.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 133 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Esterline Technologies by 3.3% during the 2nd quarter. M&T Bank Corp now owns 9,793 shares of the aerospace company’s stock worth $928,000 after purchasing an additional 309 shares during the last quarter. 92.00% of the stock is currently owned by hedge funds and other institutional investors.
Esterline Technologies 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.
Receive News & Ratings for Esterline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.