News coverage about Esterline Technologies (NYSE:ESL) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Esterline Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 45.210356502385 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Esterline Technologies (NYSE ESL) remained flat at $$76.25 during trading hours on Thursday. 198,000 shares of the company’s stock were exchanged, compared to its average volume of 236,071. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25. The stock has a market cap of $2,270.00, a P/E ratio of 18.37, a P/E/G ratio of 1.61 and a beta of 1.43. Esterline Technologies has a fifty-two week low of $68.30 and a fifty-two week high of $102.70.
Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.26). The firm had revenue of $531.50 million for the quarter, compared to the consensus estimate of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. sell-side analysts predict that Esterline Technologies will post 3.85 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. Zacks Investment Research raised Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks reaffirmed a “hold” rating and set a $82.00 target price on shares of Esterline Technologies in a research report on Tuesday. ValuEngine raised Esterline Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating and set a $83.00 target price on shares of Esterline Technologies in a research report on Monday. Finally, Canaccord Genuity lowered their target price on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.17.
In other Esterline Technologies news, Director Nils Larsen purchased 1,450 shares of the stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $70.10 per share, with a total value of $101,645.00. Following the acquisition, the director now directly owns 4,140 shares in the company, valued at approximately $290,214. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Curtis C. Reusser purchased 2,900 shares of the stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of $70.00 per share, for a total transaction of $203,000.00. Following the acquisition, the chairman now owns 39,199 shares in the company, valued at $2,743,930. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,800 shares of company stock valued at $479,015 and sold 268,290 shares valued at $25,452,666. 1.30% of the stock is owned by company insiders.
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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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