Esterline Technologies Corporation (ESL) Getting Somewhat Positive Media Coverage, Report Finds
Media coverage about Esterline Technologies Corporation (NYSE:ESL) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Esterline Technologies Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.4892118843714 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Comparing Esterline Technologies Corporation (ESL) & DigitalGlobe (DGI) (americanbankingnews.com)
- Comparing Esterline Technologies Corporation (ESL) and The Competition (americanbankingnews.com)
- Research Analysts Issue Forecasts for Esterline Technologies Corporation’s FY2017 Earnings (ESL) (americanbankingnews.com)
- Seaport Global Securities Initiates Coverage on Esterline Technologies Corporation (ESL) (americanbankingnews.com)
- Esterline Technologies Corporation (ESL) Expected to Announce Earnings of $1.53 Per Share (americanbankingnews.com)
Esterline Technologies Corporation (ESL) opened at 85.55 on Friday. The firm has a market cap of $2.56 billion, a P/E ratio of 19.06 and a beta of 1.45. Esterline Technologies Corporation has a 1-year low of $69.85 and a 1-year high of $102.70. The stock has a 50 day moving average price of $86.44 and a 200 day moving average price of $90.86.
Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.22). The business had revenue of $503.80 million for the quarter, compared to the consensus estimate of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. On average, analysts anticipate that Esterline Technologies Corporation will post $4.64 EPS for the current year.
Several brokerages have commented on ESL. Seaport Global Securities began coverage on Esterline Technologies Corporation in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price for the company. ValuEngine downgraded Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) downgraded Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $86.00 to $75.00 in a research note on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $90.00 target price (down previously from $92.00) on shares of Esterline Technologies Corporation in a research note on Wednesday, August 9th. Finally, Canaccord Genuity boosted their target price on Esterline Technologies Corporation from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Esterline Technologies Corporation has a consensus rating of “Hold” and a consensus target price of $94.00.
In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total value of $749,805.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
About Esterline Technologies Corporation
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.
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