Esterline Technologies Corporation (NYSE:ESL) – SunTrust Banks lowered their Q4 2017 earnings per share estimates for shares of Esterline Technologies Corporation in a research report issued on Thursday. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will earn $1.52 per share for the quarter, down from their prior estimate of $1.63. SunTrust Banks also issued estimates for Esterline Technologies Corporation’s Q1 2018 earnings at $0.86 EPS and Q4 2018 earnings at $1.89 EPS.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by $0.22. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The business had revenue of $503.80 million during the quarter, compared to analyst estimates of $522.38 million. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis.

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ESL has been the subject of several other reports. BidaskClub downgraded shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Canaccord Genuity reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Esterline Technologies Corporation in a report on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Esterline Technologies Corporation in a report on Thursday, May 18th. Credit Suisse Group cut their price objective on shares of Esterline Technologies Corporation from $106.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $95.67.

Shares of Esterline Technologies Corporation (NYSE:ESL) opened at 83.80 on Monday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 18.75 and a beta of 1.43. Esterline Technologies Corporation has a 52-week low of $64.99 and a 52-week high of $102.70. The stock has a 50 day moving average of $97.02 and a 200-day moving average of $91.51.

In other Esterline Technologies Corporation news, EVP Albert S. Yost sold 6,700 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $92.61, for a total value of $620,487.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert David George sold 26,700 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total transaction of $2,495,382.00. Following the completion of the transaction, the chief financial officer now directly owns 29,960 shares of the company’s stock, valued at $2,800,061.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,170 shares of company stock valued at $3,865,674. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Esterline Technologies Corporation by 25,619.9% in the first quarter. BlackRock Inc. now owns 3,502,276 shares of the aerospace company’s stock valued at $301,371,000 after buying an additional 3,488,659 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Esterline Technologies Corporation during the first quarter valued at approximately $21,486,000. Norges Bank purchased a new position in shares of Esterline Technologies Corporation during the fourth quarter valued at approximately $21,704,000. Vanguard Group Inc. increased its position in shares of Esterline Technologies Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 2,431,429 shares of the aerospace company’s stock valued at $209,225,000 after buying an additional 139,687 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Esterline Technologies Corporation by 33.0% in the first quarter. AQR Capital Management LLC now owns 510,732 shares of the aerospace company’s stock valued at $43,948,000 after buying an additional 126,686 shares during the last quarter. 90.22% of the stock is owned by hedge funds and other institutional investors.

Esterline Technologies Corporation 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. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.

Earnings History and Estimates for Esterline Technologies Corporation (NYSE:ESL)

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