Wall Street analysts expect Esterline Technologies Co. (NYSE:ESL) to report earnings per share of $0.52 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Esterline Technologies’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.70. Esterline Technologies reported earnings per share of $0.82 in the same quarter last year, which would suggest a negative year over year growth rate of 36.6%. The firm is expected to report its next earnings report after the market closes on Thursday, February 1st.
According to Zacks, analysts expect that Esterline Technologies will report full year earnings of $3.90 per share for the current financial year, with EPS estimates ranging from $3.75 to $4.05. For the next financial year, analysts anticipate that the company will report earnings of $4.83 per share, with EPS estimates ranging from $4.40 to $5.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Esterline Technologies.
Esterline Technologies (NYSE:ESL) last released its quarterly 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 7.68% and a net margin of 5.86%. The business had revenue of $531.50 million during the quarter, compared to analyst estimates of $540.55 million. During the same quarter last year, the firm posted $1.96 EPS. The company’s revenue was down 2.3% compared to the same quarter last year.
ESL has been the topic of several recent analyst reports. SunTrust Banks reiterated a “buy” rating on shares of Esterline Technologies in a research note on Thursday, October 12th. ValuEngine cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group reiterated a “hold” rating and issued a $83.00 price target on shares of Esterline Technologies in a research note on Monday, January 8th. Drexel Hamilton cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered Esterline Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $80.17.
Esterline Technologies (NYSE:ESL) traded up $1.85 during trading hours on Wednesday, hitting $76.00. The company had a trading volume of 204,343 shares, compared to its average volume of 278,940. 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 has a fifty-two week low of $68.30 and a fifty-two week high of $102.70. The firm has a market capitalization of $2,280.00, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43.
In other news, Director Delores M. Etter acquired 1,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $72.13 per share, with a total value of $72,130.00. Following the completion of the acquisition, the director now directly owns 13,627 shares in the company, valued at $982,915.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Curtis C. Reusser acquired 2,900 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $70.00 per share, with a total value of $203,000.00. Following the completion of the acquisition, the chairman now owns 39,199 shares of the company’s stock, valued at $2,743,930. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 6,800 shares of company stock valued at $479,015 and sold 268,290 shares valued at $25,452,666. 1.40% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in 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 valued at $104,000 after buying an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Esterline Technologies by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 120 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Esterline Technologies by 57.4% during the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 496 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Esterline Technologies by 61.8% during the second quarter. Riverhead Capital Management LLC now owns 2,265 shares of the aerospace company’s stock valued at $215,000 after purchasing an additional 865 shares during the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Esterline Technologies during the second quarter valued at approximately $226,000. 92.01% of the stock is owned by hedge funds and other institutional investors.
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About Esterline Technologies
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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