Esterline Technologies Corporation Forecasted to Earn Q1 2018 Earnings of $0.70 Per Share (ESL)

Esterline Technologies Corporation (NYSE:ESL) – Equities researchers at Jefferies Group issued their Q1 2018 earnings estimates for Esterline Technologies Corporation in a research report issued on Thursday. Jefferies Group analyst S. Kahyaoglu expects that the aerospace company will post earnings of $0.70 per share for the quarter. Jefferies Group has a “Hold” rating and a $90.00 price objective on the stock.

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). Esterline Technologies Corporation had a return on equity of 7.68% and a net margin of 5.86%. The firm had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. During the same period last year, the company earned $1.96 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year.

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A number of other analysts have also weighed in on the stock. SunTrust Banks, Inc. reissued a “buy” rating on shares of Esterline Technologies Corporation in a research report on Thursday, October 12th. Credit Suisse Group lowered shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $106.00 to $100.00 in a research report on Friday, August 4th. Zacks Investment Research raised shares of Esterline Technologies Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub raised shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Esterline Technologies Corporation in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Esterline Technologies Corporation has a consensus rating of “Hold” and a consensus target price of $92.33.

Shares of Esterline Technologies Corporation (ESL) opened at $70.60 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. Esterline Technologies Corporation has a 1 year low of $69.35 and a 1 year high of $102.70. The firm has a market cap of $2,116.23, a PE ratio of 16.16, a P/E/G ratio of 1.28 and a beta of 1.54.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Esterline Technologies Corporation by 0.9% during the second quarter. Vanguard Group Inc. now owns 2,454,359 shares of the aerospace company’s stock valued at $232,673,000 after purchasing an additional 22,930 shares in the last quarter. State Street Corp boosted its stake in shares of Esterline Technologies Corporation by 1.9% during the second quarter. State Street Corp now owns 1,082,486 shares of the aerospace company’s stock valued at $102,617,000 after purchasing an additional 20,181 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Esterline Technologies Corporation by 14.5% during the second quarter. Fiduciary Management Inc. WI now owns 972,956 shares of the aerospace company’s stock valued at $92,236,000 after purchasing an additional 123,467 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Esterline Technologies Corporation by 12.0% during the second quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock valued at $88,653,000 after purchasing an additional 100,543 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Esterline Technologies Corporation by 3.2% during the second quarter. Northern Trust Corp now owns 827,955 shares of the aerospace company’s stock valued at $78,490,000 after purchasing an additional 25,723 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

In other news, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $95.21, for a total transaction of $850,320.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $91.04, for a total transaction of $693,815.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,911 shares of company stock worth $25,692,702. Corporate insiders own 1.40% of the company’s stock.

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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