Esterline Technologies Co. (NYSE:ESL) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $79.71.
Several research analysts have commented on ESL shares. ValuEngine raised shares of Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Canaccord Genuity reissued a “hold” rating and set a $78.00 price target on shares of Esterline Technologies in a research note on Monday, November 27th. Drexel Hamilton downgraded shares of Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. SunTrust Banks downgraded shares of Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research note on Friday, November 10th. Finally, Zacks Investment Research raised shares of Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th.
Shares of Esterline Technologies (NYSE:ESL) opened at $75.45 on Tuesday. The firm has a market cap of $2,242.50, a P/E ratio of 33.99, a P/E/G ratio of 1.65 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11. Esterline Technologies has a one year low of $67.15 and a one year high of $102.70.
Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $482.30 million for the quarter, compared to the consensus estimate of $459.38 million. Esterline Technologies had a net margin of 3.31% and a return on equity of 6.89%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. equities analysts anticipate that Esterline Technologies will post 3.81 EPS for the current fiscal year.
In other news, Director Delores M. Etter bought 1,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $72.13 per share, for a total transaction of $72,130.00. Following the completion of the acquisition, the director now owns 13,627 shares of the company’s stock, valued at $982,915.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nils Larsen bought 1,450 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average price of $70.10 per share, for a total transaction of $101,645.00. Following the acquisition, the director now directly owns 4,140 shares of the company’s stock, valued at approximately $290,214. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Esterline Technologies by 13.9% in the second 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. ING Groep NV grew its holdings in shares of Esterline Technologies by 23.2% in the fourth quarter. ING Groep NV now owns 3,981 shares of the aerospace company’s stock worth $297,000 after purchasing an additional 750 shares during the last quarter. AXA grew its holdings in shares of Esterline Technologies by 7.2% in the fourth quarter. AXA now owns 11,900 shares of the aerospace company’s stock worth $889,000 after purchasing an additional 800 shares during the last quarter. Alpha Windward LLC grew its holdings in shares of Esterline Technologies by 17.5% in the third quarter. Alpha Windward LLC now owns 5,640 shares of the aerospace company’s stock worth $508,000 after purchasing an additional 840 shares during the last quarter. Finally, Clarius Group LLC boosted its holdings in Esterline Technologies by 5.8% in the fourth quarter. Clarius Group LLC now owns 15,830 shares of the aerospace company’s stock valued at $1,183,000 after acquiring an additional 870 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.
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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.
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