Shares of Esterline Technologies Co. (NYSE:ESL) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $79.71.
A number of analysts recently weighed in on ESL shares. Jefferies Group reaffirmed a “hold” rating and issued a $83.00 price objective on shares of Esterline Technologies in a report on Monday, January 8th. Credit Suisse Group cut shares of Esterline Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Zacks Investment Research raised shares of Esterline Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Canaccord Genuity reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Esterline Technologies in a report on Monday, November 27th. Finally, ValuEngine raised shares of Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
Shares of Esterline Technologies (NYSE ESL) opened at $75.00 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11. Esterline Technologies has a twelve month low of $67.15 and a twelve month high of $102.70. The firm has a market cap of $2,218.73, a PE ratio of 33.78, a P/E/G ratio of 1.63 and a beta of 1.29.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.49 earnings per share for the quarter, topping 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 business had revenue of $482.30 million for the quarter, compared to analysts’ expectations of $459.38 million. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts expect that Esterline Technologies will post 3.81 earnings per share for the current year.
In related news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total value of $453,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management bought a new position in Esterline Technologies in the 4th quarter valued at about $112,000. Dowling & Yahnke LLC bought a new position in Esterline Technologies in the 4th quarter valued at about $217,000. ING Groep NV grew its position in Esterline Technologies by 23.2% in the 4th quarter. ING Groep NV now owns 3,981 shares of the aerospace company’s stock valued at $297,000 after buying an additional 750 shares in the last quarter. Parametrica Management Ltd bought a new position in Esterline Technologies in the 4th quarter valued at about $299,000. Finally, Crossmark Global Holdings Inc. bought a new position in Esterline Technologies in the 3rd quarter valued at about $300,000. Hedge funds and other institutional investors own 95.05% 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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