Esterline Technologies Corp. (ESL) Shares Gap Up to $77.13
Esterline Technologies Corp. (NYSE:ESL) gapped up before the market opened on Friday . The stock had previously closed at $76.67, but opened at $77.13. Esterline Technologies Corp. shares last traded at $78.56, with a volume of 65,336 shares trading hands.
Several equities research analysts recently commented on ESL shares. Zacks Investment Research raised Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, May 9th. Jefferies Group reissued a “buy” rating and set a $87.00 target price on shares of Esterline Technologies Corp. in a report on Friday, August 5th. Drexel Hamilton raised Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Monday, August 15th. Canaccord Genuity reissued a “hold” rating and set a $75.00 target price on shares of Esterline Technologies Corp. in a report on Wednesday, May 11th. Finally, Goldman Sachs Group Inc. dropped their target price on Esterline Technologies Corp. from $62.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Esterline Technologies Corp. currently has an average rating of “Hold” and a consensus price target of $82.25.
The stock’s 50-day moving average is $69.13 and its 200-day moving average is $65.16. The company has a market cap of $2.31 billion and a P/E ratio of 48.71.
Esterline Technologies Corp. (NYSE:ESL) last posted its earnings results on Thursday, August 4th. The company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.10. The business earned $517.10 million during the quarter, compared to the consensus estimate of $490.37 million. Esterline Technologies Corp.’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Esterline Technologies Corp. will post $4.51 EPS for the current fiscal year.
In other Esterline Technologies Corp. news, major shareholder Select Drawdown Fund L.P. Fpa bought 5,340 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were acquired at an average price of $59.83 per share, with a total value of $319,492.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Albert S. Yost sold 10,800 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $76.32, for a total transaction of $824,256.00. The disclosure for this sale can be found here.
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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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