Esterline Technologies Co. (ESL) Releases Q1 Earnings Guidance
Esterline Technologies Co. (ESL) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.45-0.60 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $450-480 million, compared to the consensus revenue estimate of $500.23 million.Esterline Technologies also updated its FY13 guidance to $5.45-5.80 EPS.
Esterline Technologies Co. (ESL) traded up 1.98% on Thursday, hitting $60.65. Esterline Technologies Co. (ESL) has a 1-year low of $49.97 and a 1-year high of $76.86. The company has a market cap of $1.871 billion and a price-to-earnings ratio of 26.42.
Esterline Technologies last issued its quarterly earnings data on Thursday, December 6th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.60 by $0.37. The company had revenue of $530.70 million for the quarter, compared to the consensus estimate of $523.70 million. During the same quarter in 2011, the company posted $1.21 earnings per share. Esterline Technologies’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Esterline Technologies Co. (ESL) will post $4.72 earnings per share for the current fiscal year.
A number of research firms have also recently commented on ESL. Analysts at KeyBanc downgraded shares of Esterline Technologies from a buy rating to a hold rating in a research note to investors on Tuesday. On a related note, analysts at Topeka Capital initiated coverage on shares of Esterline Technologies in a research note to investors on Thursday, September 27th. They set a buy rating on the stock. Finally, analysts at Bank of America initiated coverage on shares of Esterline Technologies in a research note to investors on Friday, September 21st. They set a neutral rating and a $66.00 price target on the stock.
Esterline Technologies Corporation (Esterline) is a manufacturing company serving aerospace and defense customers.
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