Equities analysts expect Esterline Technologies Co. (NYSE:ESL) to announce $535.44 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Esterline Technologies’ earnings, with the highest sales estimate coming in at $546.70 million and the lowest estimate coming in at $520.56 million. Esterline Technologies posted sales of $531.53 million during the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The business is expected to announce its next quarterly earnings report on Thursday, November 8th.
On average, analysts expect that Esterline Technologies will report full year sales of $2.04 billion for the current financial year, with estimates ranging from $2.02 billion to $2.05 billion. For the next fiscal year, analysts expect that the business will post sales of $2.06 billion, with estimates ranging from $2.03 billion to $2.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Esterline Technologies.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, August 2nd. The aerospace company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.15. Esterline Technologies had a return on equity of 5.91% and a net margin of 2.62%. The business had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $476.01 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was down .8% compared to the same quarter last year.
Several research firms recently commented on ESL. Credit Suisse Group upgraded Esterline Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $66.00 to $122.50 in a research note on Thursday, October 11th. Alembic Global Advisors began coverage on Esterline Technologies in a research note on Friday, October 5th. They issued an “overweight” rating on the stock. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Canaccord Genuity boosted their price target on Esterline Technologies from $76.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $92.00 price target on shares of Esterline Technologies in a research note on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $88.94.
A number of hedge funds and other institutional investors have recently made changes to their positions in ESL. Russell Investments Group Ltd. raised its stake in Esterline Technologies by 45.7% during the first quarter. Russell Investments Group Ltd. now owns 39,440 shares of the aerospace company’s stock valued at $2,885,000 after buying an additional 12,370 shares in the last quarter. Sei Investments Co. raised its stake in Esterline Technologies by 9.7% during the first quarter. Sei Investments Co. now owns 12,503 shares of the aerospace company’s stock valued at $914,000 after buying an additional 1,101 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Esterline Technologies by 54.9% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,352 shares of the aerospace company’s stock valued at $391,000 after buying an additional 1,896 shares in the last quarter. UBS Group AG raised its stake in Esterline Technologies by 213.2% during the first quarter. UBS Group AG now owns 39,985 shares of the aerospace company’s stock valued at $2,925,000 after buying an additional 27,219 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in Esterline Technologies during the first quarter valued at approximately $435,000. Hedge funds and other institutional investors own 94.14% of the company’s stock.
NYSE:ESL opened at $117.56 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 3.39. Esterline Technologies has a one year low of $67.15 and a one year high of $119.07. The stock has a market capitalization of $3.46 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21.
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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