Esterline Technologies Co. (NYSE:ESL) – Jefferies Group issued their FY2020 earnings per share (EPS) estimates for Esterline Technologies in a report released on Thursday, according to Zacks Investment Research. Jefferies Group analyst S. Kahyaoglu anticipates that the aerospace company will post earnings of $5.10 per share for the year. Jefferies Group currently has a “Hold” rating and a $83.00 price target on the stock.
A number of other equities analysts have also recently weighed in on ESL. Zacks Investment Research cut Esterline Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. ValuEngine cut Esterline Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks lowered Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a research note on Friday, November 10th. Drexel Hamilton lowered Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity decreased their target price on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Esterline Technologies currently has a consensus rating of “Hold” and a consensus price target of $79.71.
Esterline Technologies (NYSE:ESL) traded up $3.20 during midday trading on Monday, hitting $74.15. The stock had a trading volume of 335,451 shares, compared to its average volume of 282,311. The stock has a market cap of $2,083.49, a PE ratio of 33.40, a PEG ratio of 1.53 and a beta of 1.36. The company has a current ratio of 3.46, a quick ratio of 2.11 and a debt-to-equity ratio of 0.43. Esterline Technologies has a fifty-two week low of $67.15 and a fifty-two week high of $102.70.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, February 1st. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Esterline Technologies by 6.9% in the 4th quarter. BlackRock Inc. now owns 3,583,751 shares of the aerospace company’s stock valued at $267,705,000 after purchasing an additional 232,444 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Esterline Technologies by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,510,338 shares of the aerospace company’s stock valued at $226,308,000 after purchasing an additional 11,085 shares in the last quarter. Vanguard Group Inc. raised its position in Esterline Technologies by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,454,359 shares of the aerospace company’s stock valued at $232,673,000 after purchasing an additional 22,930 shares in the last quarter. State Street Corp raised its position in Esterline Technologies by 1.9% in the 2nd quarter. State Street Corp now owns 1,082,486 shares of the aerospace company’s stock valued at $102,617,000 after purchasing an additional 20,181 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its position in shares of Esterline Technologies by 6.6% during the 3rd quarter. Fiduciary Management Inc. WI now owns 1,037,564 shares of the aerospace company’s stock worth $93,536,000 after acquiring an additional 64,608 shares in the last quarter. 93.63% of the stock is currently owned by institutional investors.
In related news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nils Larsen purchased 1,450 shares of Esterline Technologies stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of $70.10 per share, for a total transaction of $101,645.00. Following the transaction, the director now directly owns 4,140 shares in the company, valued at $290,214. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate 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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