Shares of Esterline Technologies Co. (NYSE:ESL) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.71.
Several brokerages have commented on ESL. ValuEngine lowered Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Canaccord Genuity lowered their price objective on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Credit Suisse Group raised their price objective on Esterline Technologies from $70.00 to $72.00 and gave the company an “underperform” rating in a research report on Monday, February 5th. Jefferies Group reissued a “hold” rating and set a $83.00 price objective on shares of Esterline Technologies in a research report on Monday, January 8th. Finally, Bank of America raised their price objective on Esterline Technologies from $70.00 to $75.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th.
In related news, Director Delores M. Etter purchased 1,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $72.13 per share, with a total value of $72,130.00. Following the transaction, the director now directly owns 13,627 shares in the company, valued at $982,915.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hawkeye Fund Fpa sold 6,000 shares of Esterline Technologies stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total value of $453,780.00. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Esterline Technologies by 6.9% in the 4th quarter. BlackRock Inc. now owns 3,583,751 shares of the aerospace company’s stock worth $267,705,000 after purchasing an additional 232,444 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Esterline Technologies by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,510,338 shares of the aerospace company’s stock worth $226,308,000 after purchasing an additional 11,085 shares during the last quarter. State Street Corp raised its position in shares of Esterline Technologies by 1.9% in the 2nd quarter. State Street Corp now owns 1,082,486 shares of the aerospace company’s stock worth $102,617,000 after purchasing an additional 20,181 shares during the last quarter. Fiduciary Management Inc. WI raised its position in shares of Esterline Technologies by 6.6% in the 3rd quarter. Fiduciary Management Inc. WI now owns 1,037,564 shares of the aerospace company’s stock worth $93,536,000 after purchasing an additional 64,608 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Esterline Technologies by 16.6% in the 4th quarter. Victory Capital Management Inc. now owns 895,486 shares of the aerospace company’s stock worth $66,893,000 after buying an additional 127,323 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.
Esterline Technologies (NYSE:ESL) opened at $75.45 on Tuesday. The company has a current ratio of 3.46, a quick ratio of 2.11 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2,242.50, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.36. Esterline Technologies has a 52-week low of $67.15 and a 52-week high of $102.70.
Esterline Technologies (NYSE:ESL) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $482.30 million during the quarter, compared to analyst estimates of $459.38 million. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. equities research analysts forecast that Esterline Technologies will post 3.81 EPS for the current fiscal year.
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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