Equities analysts expect Esterline (NYSE:ESL) to report $1.10 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Esterline’s earnings. The highest EPS estimate is $1.13 and the lowest is $1.05. Esterline posted earnings of $1.08 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The company is scheduled to report its next earnings report on Thursday, August 2nd.
On average, analysts expect that Esterline will report full year earnings of $3.77 per share for the current year, with EPS estimates ranging from $3.67 to $3.85. For the next fiscal year, analysts anticipate that the company will post earnings of $4.79 per share, with EPS estimates ranging from $4.40 to $5.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Esterline.
Esterline (NYSE:ESL) last posted its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $517.60 million for the quarter, compared to analyst estimates of $503.91 million. Esterline had a net margin of 2.74% and a return on equity of 6.08%. Esterline’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share.
A number of research firms have commented on ESL. Zacks Investment Research lowered shares of Esterline from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. Bank of America lifted their price objective on shares of Esterline from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. Credit Suisse Group lifted their price objective on shares of Esterline from $70.00 to $72.00 and gave the company an “underperform” rating in a research note on Monday, February 5th. Finally, Barclays began coverage on shares of Esterline in a research note on Thursday, March 29th. They issued an “underweight” rating and a $76.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Esterline has a consensus rating of “Hold” and a consensus target price of $79.78.
NYSE ESL traded down $0.55 during trading on Wednesday, reaching $76.45. The company’s stock had a trading volume of 105,900 shares, compared to its average volume of 222,106. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.06 and a current ratio of 3.29. The firm has a market cap of $2.32 billion, a PE ratio of 17.53, a P/E/G ratio of 1.74 and a beta of 1.24. Esterline has a twelve month low of $67.15 and a twelve month high of $102.70.
Large investors have recently modified their holdings of the company. LSV Asset Management purchased a new stake in shares of Esterline in the fourth quarter valued at about $112,000. Balter Liquid Alternatives LLC purchased a new stake in shares of Esterline in the first quarter valued at about $195,000. Dowling & Yahnke LLC purchased a new stake in shares of Esterline in the fourth quarter valued at about $217,000. ING Groep NV boosted its holdings in shares of Esterline by 23.2% in the fourth quarter. ING Groep NV now owns 3,981 shares of the aerospace company’s stock valued at $297,000 after acquiring an additional 750 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Esterline in the first quarter valued at about $291,000. 94.52% of the stock is currently owned by institutional investors and hedge funds.
Esterline Company Profile
Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.
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