Jefferies Group restated their hold rating on shares of Esterline Technologies (NYSE:ESL) in a research report sent to investors on Monday, January 8th. Jefferies Group currently has a $83.00 price target on the aerospace company’s stock.
Several other research analysts have also commented on the company. ValuEngine upgraded Esterline Technologies from a hold rating to a buy rating in a research report on Sunday, December 31st. Credit Suisse Group reiterated a neutral rating and issued a $70.00 target price (down previously from $100.00) on shares of Esterline Technologies in a research report on Tuesday, December 12th. Canaccord Genuity restated a hold rating and set a $78.00 price objective on shares of Esterline Technologies in a research report on Monday, November 27th. Drexel Hamilton lowered Esterline Technologies from a buy rating to a hold rating in a research report on Friday, November 10th. Finally, SunTrust Banks lowered Esterline Technologies from a buy rating to a hold rating and set a $106.00 price objective for the company. in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Esterline Technologies currently has a consensus rating of Hold and a consensus target price of $80.17.
Esterline Technologies (ESL) opened at $75.95 on Monday. The company has a market capitalization of $2,211.30, a P/E ratio of 18.42, a PEG ratio of 1.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. Esterline Technologies has a 12-month low of $68.30 and a 12-month high of $102.70.
Esterline Technologies (NYSE:ESL) last issued its 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 company had revenue of $482.30 million during the quarter, compared to analyst estimates of $459.38 million. Esterline Technologies had a return on equity of 6.94% and a net margin of 3.31%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. research analysts expect that Esterline Technologies will post 3.84 earnings per share for the current year.
In other Esterline Technologies news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total transaction of $453,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder J Richard Atwood sold 173,979 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $95.24, for a total value of $16,569,759.96. The disclosure for this sale can be found here. Insiders have acquired a total of 6,800 shares of company stock valued at $479,015 in the last quarter. 1.40% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Esterline Technologies by 13.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after buying an additional 133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Esterline Technologies by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after buying an additional 120 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Esterline Technologies by 57.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after buying an additional 496 shares in the last quarter. LSV Asset Management bought a new stake in shares of Esterline Technologies in the 4th quarter worth $112,000. Finally, Pacad Investment Ltd. raised its stake in shares of Esterline Technologies by 100.0% in the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after buying an additional 900 shares in the last quarter. Institutional investors own 92.12% 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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