Wall Street brokerages forecast that Esterline Technologies Co. (NYSE:ESL) will report $535.44 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Esterline Technologies’ earnings. The highest sales estimate is $546.70 million and the lowest is $520.56 million. Esterline Technologies reported sales of $531.53 million in the same quarter last year, which indicates a positive year over year growth rate of 0.7%. The business is scheduled to report its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Esterline Technologies will report full-year sales of $2.04 billion for the current year, with estimates ranging from $2.02 billion to $2.05 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.06 billion per share, with estimates ranging from $2.05 billion to $2.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Esterline Technologies.

Esterline Technologies (NYSE:ESL) last issued its earnings results on Thursday, August 2nd. The aerospace company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.15. Esterline Technologies had a return on equity of 5.91% and a net margin of 2.62%. The firm had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $476.01 million. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year.

A number of brokerages have commented on ESL. Credit Suisse Group boosted their price objective on Esterline Technologies from $63.00 to $66.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 7th. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut Esterline Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Wells Fargo & Co restated a “market perform” rating and set a $95.00 price objective (up previously from $84.00) on shares of Esterline Technologies in a research note on Monday, July 23rd. Finally, TheStreet upgraded Esterline Technologies from a “c” rating to a “b-” rating in a research note on Monday, July 30th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.88.

In other Esterline Technologies news, major shareholder Hawkeye Fund Fpa sold 2,000 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $73.20, for a total transaction of $146,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Esterline Technologies by 11.2% during the second quarter. Bank of New York Mellon Corp now owns 676,782 shares of the aerospace company’s stock worth $49,947,000 after acquiring an additional 67,892 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Esterline Technologies by 43.5% during the second quarter. Public Employees Retirement System of Ohio now owns 24,434 shares of the aerospace company’s stock worth $1,803,000 after acquiring an additional 7,412 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Esterline Technologies during the second quarter worth about $4,733,000. Metropolitan Life Insurance Co. NY increased its position in shares of Esterline Technologies by 5.8% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,375 shares of the aerospace company’s stock worth $1,135,000 after acquiring an additional 840 shares during the last quarter. Finally, Cove Street Capital LLC increased its position in shares of Esterline Technologies by 0.9% during the second quarter. Cove Street Capital LLC now owns 212,205 shares of the aerospace company’s stock worth $15,661,000 after acquiring an additional 1,905 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of ESL opened at $92.05 on Friday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.04 and a beta of 1.23. Esterline Technologies has a 12 month low of $67.15 and a 12 month high of $96.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 3.39.

About Esterline Technologies

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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