Esterline Technologies Corp. (ESL) Shares Gap Up to $77.13
Esterline Technologies Corp. (NYSE:ESL) gapped up prior to trading 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 traded.
Several research firms have recently commented on ESL. Canaccord Genuity reaffirmed a “hold” rating and issued a $75.00 target price on shares of Esterline Technologies Corp. in a research report on Wednesday, May 11th. Drexel Hamilton raised shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Monday, August 15th. Zacks Investment Research raised shares of Esterline Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Jefferies Group reaffirmed a “buy” rating and issued a $87.00 target price on shares of Esterline Technologies Corp. in a research report on Friday, August 5th. Finally, Goldman Sachs Group Inc. dropped their target price on shares of Esterline Technologies Corp. from $62.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Esterline Technologies Corp. has an average rating of “Hold” and a consensus target price of $82.25.
The firm’s 50 day moving average price is $69.40 and its 200-day moving average price is $65.16. The stock has a market capitalization of $2.31 billion and a price-to-earnings ratio of 48.71.
Esterline Technologies Corp. (NYSE:ESL) last posted its quarterly earnings data 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 firm had revenue of $517.10 million for the quarter, compared to the consensus estimate of $490.37 million. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts predict that Esterline Technologies Corp. will post $4.51 earnings per share for the current year.
In related news, major shareholder Select Drawdown Fund L.P. Fpa purchased 5,340 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average cost of $59.83 per share, for a total transaction of $319,492.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Albert S. Yost sold 10,800 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was 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.