Media headlines about Esterline Technologies (NYSE:ESL) have been trending somewhat positive recently, according to AlphaOne. The research group, a service of Accern, identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Esterline Technologies earned a news impact score of 0.08 on AlphaOne’s scale. AlphaOne also assigned media coverage about the aerospace company an impact score of 75 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Alpha One Sentiment Analysis’s analysis:
- Esterline Technologies Co. (ESL) Rating Reiterated by Canaccord Genuity (americanbankingnews.com)
- Esterline Technologies (ESL) Earns Daily Media Impact Rating of 0.44 (americanbankingnews.com)
- Jefferies Group LLC Reiterates Hold Rating for Esterline Technologies Co. (ESL) (americanbankingnews.com)
- Esterline Technologies (ESL) Given Daily News Sentiment Rating of -0.12 (americanbankingnews.com)
- Does Esterline Technologies Corporation (ESL) Need To Improve Its Financial Condition? (simplywall.st)
Several equities analysts recently commented on the stock. Jefferies Group LLC cut shares of Esterline Technologies from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a research note on Thursday, January 12th. Zacks Investment Research raised shares of Esterline Technologies from a “sell” rating to a “hold” rating in a research note on Monday, February 6th. SunTrust Banks, Inc. assumed coverage on shares of Esterline Technologies in a research note on Thursday, January 19th. They issued a “buy” rating and a $106.00 price target for the company. Finally, Canaccord Genuity reissued a “hold” rating and issued a $86.00 price target on shares of Esterline Technologies in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Esterline Technologies currently has an average rating of “Hold” and a consensus price target of $86.00.
Shares of Esterline Technologies (NYSE:ESL) traded up 0.17% during midday trading on Friday, hitting $88.00. 42,815 shares of the stock were exchanged. The firm has a market cap of $2.61 billion, a PE ratio of 23.21 and a beta of 1.36. The firm’s 50-day moving average is $86.51 and its 200 day moving average is $84.82. Esterline Technologies has a 52-week low of $56.72 and a 52-week high of $96.50.
Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, February 2nd. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.35. The company had revenue of $457.73 million for the quarter, compared to analyst estimates of $447.17 million. Esterline Technologies had a return on equity of 9.51% and a net margin of 5.61%. Esterline Technologies’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. On average, analysts forecast that Esterline Technologies will post $4.79 earnings per share for the current year.
In other Esterline Technologies news, major shareholder Select Drawdown Fund L.P. Fpa sold 61,932 shares of the stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $89.21, for a total value of $5,524,953.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Hawkeye Fund Fpa sold 2,240 shares of the stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $85.29, for a total value of $191,049.60. The disclosure for this sale can be found here. Insiders sold a total of 275,123 shares of company stock worth $24,581,207 in the last ninety days. 1.40% of the stock is owned by corporate insiders.
About Esterline Technologies
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.
Receive News & Ratings for Esterline Technologies Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Co. and related companies with MarketBeat.com's FREE daily email newsletter.