News stories about Esterline Technologies (NYSE:ESL) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Esterline Technologies earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 45.3364572695469 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of brokerages have recently issued reports on ESL. Zacks Investment Research cut shares of Esterline Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Canaccord Genuity reissued a “hold” rating on shares of Esterline Technologies in a research report on Friday, October 13th. SunTrust Banks reissued a “buy” rating on shares of Esterline Technologies in a research report on Thursday, October 12th. Drexel Hamilton cut shares of Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine cut shares of Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.17.
Shares of Esterline Technologies (NYSE:ESL) opened at $77.40 on Friday. The firm has a market cap of $2,270.00, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.61 and a beta of 1.43. The company has a current ratio of 3.25, a quick ratio of 2.03 and a debt-to-equity ratio of 0.41. Esterline Technologies has a 12-month low of $68.30 and a 12-month high of $102.70.
Esterline Technologies (NYSE:ESL) last posted its earnings results on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a return on equity of 8.25% and a net margin of 6.99%. The company had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. During the same period in the prior year, the business posted $1.96 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. equities research analysts expect that Esterline Technologies will post 3.85 earnings per share for the current fiscal year.
In other news, major shareholder J Richard Atwood sold 31,155 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $96.04, for a total value of $2,992,126.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total transaction of $453,780.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 6,800 shares of company stock valued at $479,015 and sold 268,290 shares valued at $25,452,666. Company insiders own 1.30% 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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