$0.74 EPS Expected for Esterline Technologies Co. (ESL) This Quarter

Wall Street analysts expect Esterline Technologies Co. (NYSE:ESL) to report earnings of $0.74 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Esterline Technologies’ earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.69. Esterline Technologies reported earnings of $1.20 per share in the same quarter last year, which indicates a negative year over year growth rate of 38.3%. The business is expected to report its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Esterline Technologies will report full year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $3.85. For the next fiscal year, analysts forecast that the company will report earnings of $4.81 per share, with EPS estimates ranging from $4.40 to $5.02. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Esterline Technologies.

Esterline Technologies (NYSE:ESL) last posted its earnings results on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Esterline Technologies had a net margin of 3.31% and a return on equity of 6.89%. The company had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. Esterline Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year.

A number of research analysts have issued reports on ESL shares. Credit Suisse Group reaffirmed a “neutral” rating and issued a $70.00 price target (down previously from $100.00) on shares of Esterline Technologies in a report on Tuesday, December 12th. ValuEngine raised shares of Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 1st. SunTrust Banks cut shares of Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a report on Friday, November 10th. Zacks Investment Research raised shares of Esterline Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $83.00 price target on shares of Esterline Technologies in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $79.71.

Esterline Technologies (ESL) traded up $0.05 during trading hours on Tuesday, reaching $75.50. 30,651 shares of the company were exchanged, compared to its average volume of 270,665. The stock has a market capitalization of $2,242.50, a PE ratio of 34.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.36. Esterline Technologies has a 12 month low of $67.15 and a 12 month high of $102.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11.

In other news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total value 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 acquired 1,450 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average price of $70.10 per share, for a total transaction of $101,645.00. Following the purchase, the director now directly owns 4,140 shares of the company’s stock, valued at $290,214. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $104,000 after acquiring an additional 133 shares during the period. LSV Asset Management acquired a new stake in shares of Esterline Technologies in the fourth quarter worth $112,000. Dowling & Yahnke LLC acquired a new stake in shares of Esterline Technologies in the fourth quarter worth $217,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Esterline Technologies in the second quarter worth $285,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Esterline Technologies in the third quarter worth $300,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

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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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Earnings History and Estimates for Esterline Technologies (NYSE:ESL)

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