News headlines about Esterline Technologies (NYSE:ESL) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Esterline Technologies earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 46.6436211425599 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages have recently issued reports on ESL. ValuEngine raised Esterline Technologies from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $78.00 price target on shares of Esterline Technologies in a report on Monday, November 27th. Drexel Hamilton cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. SunTrust Banks cut Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a research note on Friday, November 10th. Finally, Zacks Investment Research cut Esterline Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Two research 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 company currently has an average rating of “Hold” and an average target price of $90.33.
Esterline Technologies (NYSE:ESL) traded up $1.15 during mid-day trading on Thursday, reaching $70.50. The company’s stock had a trading volume of 690,276 shares, compared to its average volume of 169,993. The company has a current ratio of 3.25, a quick ratio of 2.03 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2,110.90, a price-to-earnings ratio of 16.11, a PEG ratio of 1.51 and a beta of 1.43. Esterline Technologies has a 52-week low of $68.30 and a 52-week high of $102.70.
Esterline Technologies (NYSE:ESL) last posted its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). The business had revenue of $531.50 million for the quarter, compared to the consensus estimate of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 earnings per share. sell-side analysts expect that Esterline Technologies will post 3.85 earnings per share for the current year.
In related news, Director Nils Larsen bought 1,450 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of $70.10 per share, with a total value of $101,645.00. Following the completion of the transaction, the director now owns 4,140 shares in the company, valued at $290,214. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Curtis C. Reusser bought 2,900 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $70.00 per share, for a total transaction of $203,000.00. Following the transaction, the chairman now owns 39,199 shares of the company’s stock, valued at approximately $2,743,930. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,800 shares of company stock worth $406,885 and sold 269,911 shares worth $25,692,702. Insiders own 1.40% 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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