Esterline Technologies Co. (NYSE:ESL) – Equities researchers at Seaport Global Securities decreased their FY2018 earnings per share estimates for shares of Esterline Technologies in a report released on Tuesday, June 12th. Seaport Global Securities analyst J. Sullivan now expects that the aerospace company will earn $3.67 per share for the year, down from their previous forecast of $3.85.
Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. Esterline Technologies had a net margin of 2.74% and a return on equity of 6.08%. The company had revenue of $517.60 million during the quarter, compared to analyst estimates of $503.91 million. During the same period in the prior year, the business posted $1.20 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Esterline Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Barclays began coverage on shares of Esterline Technologies in a report on Thursday, March 29th. They set an “underweight” rating and a $76.00 price target for the company. Four investment 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. Esterline Technologies has a consensus rating of “Hold” and an average target price of $79.78.
NYSE:ESL opened at $73.40 on Thursday. Esterline Technologies has a 52 week low of $67.15 and a 52 week high of $100.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.29 and a quick ratio of 2.06. The firm has a market cap of $2.20 billion, a P/E ratio of 16.83, a PEG ratio of 1.64 and a beta of 1.25.
A number of institutional investors have recently modified their holdings of the business. ING Groep NV increased its position in Esterline Technologies by 23.2% during the 4th quarter. ING Groep NV now owns 3,981 shares of the aerospace company’s stock valued at $297,000 after purchasing an additional 750 shares during the period. AXA increased its position in Esterline Technologies by 7.2% during the 4th quarter. AXA now owns 11,900 shares of the aerospace company’s stock valued at $889,000 after purchasing an additional 800 shares during the period. Clarius Group LLC increased its position in Esterline Technologies by 5.8% during the 4th quarter. Clarius Group LLC now owns 15,830 shares of the aerospace company’s stock valued at $1,183,000 after purchasing an additional 870 shares during the period. NJ State Employees Deferred Compensation Plan increased its position in Esterline Technologies by 11.1% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 10,000 shares of the aerospace company’s stock valued at $732,000 after purchasing an additional 1,000 shares during the period. Finally, Swiss National Bank increased its position in Esterline Technologies by 2.4% during the 1st quarter. Swiss National Bank now owns 47,000 shares of the aerospace company’s stock valued at $3,438,000 after purchasing an additional 1,100 shares during the period. 94.55% of the stock is currently owned by institutional investors and hedge funds.
Esterline Technologies Company Profile
Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.
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