Esterline Technologies Corp. (ESL) Given Average Recommendation of “Buy” by Analysts
Esterline Technologies Corp. (NYSE:ESL) has received an average rating of “Buy” from the seven research firms that are covering the firm. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $81.17.
ESL has been the subject of several recent research reports. Zacks Investment Research raised Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday, October 5th. Jefferies Group reissued a “buy” rating and set a $87.00 price objective on shares of Esterline Technologies Corp. in a research report on Friday, August 5th. Finally, Drexel Hamilton raised Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Monday, August 15th.
Shares of Esterline Technologies Corp. (NYSE:ESL) traded up 0.62% during trading on Friday, hitting $72.60. 39,715 shares of the company were exchanged. The company has a 50 day moving average of $75.67 and a 200-day moving average of $68.19. Esterline Technologies Corp. has a 1-year low of $45.12 and a 1-year high of $96.44. The stock has a market capitalization of $2.13 billion, a PE ratio of 44.93 and a beta of 1.23.
Esterline Technologies Corp. (NYSE:ESL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The business earned $517.10 million during the quarter, compared to analyst estimates of $490.37 million. Esterline Technologies Corp. had a return on equity of 6.15% and a net margin of 2.40%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that Esterline Technologies Corp. will post $4.51 earnings per share for the current year.
In related news, EVP Albert S. Yost sold 10,800 shares of Esterline Technologies Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $76.32, for a total value of $824,256.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Select Drawdown Fund L.P. Fpa acquired 5,340 shares of Esterline Technologies Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was acquired at an average price of $59.83 per share, with a total value of $319,492.20. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in Esterline Technologies Corp. by 74.6% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the company’s stock valued at $113,000 after buying an additional 775 shares during the last quarter. Bank of Montreal Can purchased a new stake in Esterline Technologies Corp. during the second quarter worth about $117,000. Tower Research Capital LLC TRC purchased a new stake in Esterline Technologies Corp. during the second quarter worth about $127,000. Public Employees Retirement System of Ohio increased its stake in Esterline Technologies Corp. by 21.6% in the second quarter. Public Employees Retirement System of Ohio now owns 2,377 shares of the company’s stock worth $147,000 after buying an additional 423 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Esterline Technologies Corp. by 10.9% in the second quarter. Amalgamated Bank now owns 3,672 shares of the company’s stock worth $260,000 after buying an additional 362 shares in the last quarter. Institutional investors own 87.70% of the company’s stock.
Esterline Technologies Corp. 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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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