Shares of Esterline Technologies Co. (NYSE:ESL) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $90.33.
A number of equities research analysts have weighed in on ESL shares. ValuEngine downgraded Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Canaccord Genuity lowered their price target on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, November 10th. Seaport Global Securities started coverage on Esterline Technologies in a research report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price target on the stock. Zacks Investment Research upgraded Esterline Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Drexel Hamilton cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.
In other Esterline Technologies news, Chairman Curtis C. Reusser bought 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $70.00 per share, with a total value of $203,000.00. Following the completion of the purchase, the chairman now directly owns 39,199 shares of the company’s stock, valued at $2,743,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nils Larsen bought 1,450 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $70.10 per share, for a total transaction of $101,645.00. Following the completion of the purchase, the director now directly owns 4,140 shares of the company’s stock, valued at $290,214. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 5,800 shares of company stock worth $406,885 and sold 269,911 shares worth $25,692,702. 1.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ESL. PNC Financial Services Group Inc. lifted its holdings in shares of Esterline Technologies by 13.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Esterline Technologies by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 120 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Esterline Technologies by 57.4% during the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 496 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in shares of Esterline Technologies by 100.0% during the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock valued at $171,000 after purchasing an additional 900 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Esterline Technologies in the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 91.26% of the company’s stock.
Shares of Esterline Technologies (NYSE:ESL) traded down $0.65 during mid-day trading on Thursday, hitting $69.85. The company had a trading volume of 355,654 shares, compared to its average volume of 377,035. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41. Esterline Technologies has a one year low of $68.30 and a one year high of $102.70. The stock has a market capitalization of $2,094.38, a P/E ratio of 15.98, a PEG ratio of 1.49 and a beta of 1.43.
Esterline Technologies (NYSE:ESL) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The business had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. During the same quarter last year, the business posted $1.96 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. sell-side analysts predict that Esterline Technologies will post 3.85 earnings per share for the current fiscal year.
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About Esterline Technologies
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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