Equities analysts forecast that Esterline (NYSE:ESL) will post sales of $510.84 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Esterline’s earnings. The lowest sales estimate is $504.00 million and the highest is $515.00 million. Esterline posted sales of $509.18 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.3%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that Esterline will report full year sales of $2.06 billion for the current fiscal year, with estimates ranging from $2.05 billion to $2.07 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.12 billion per share, with estimates ranging from $2.11 billion to $2.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Esterline.
Esterline (NYSE:ESL) last posted its earnings results on Thursday, February 1st. The aerospace company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Esterline had a net margin of 3.31% and a return on equity of 6.91%. The business had revenue of $482.30 million for the quarter, compared to analyst estimates of $459.38 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year.
Shares of ESL traded up $0.40 during trading hours on Friday, hitting $75.25. The stock had a trading volume of 67,028 shares, compared to its average volume of 235,237. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.09 and a current ratio of 3.43. Esterline has a 52 week low of $67.15 and a 52 week high of $102.70. The firm has a market cap of $2,157.80, a price-to-earnings ratio of 17.17, a PEG ratio of 1.58 and a beta of 1.23.
A number of institutional investors have recently added to or reduced their stakes in ESL. JPMorgan Chase & Co. lifted its position in Esterline by 74.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,043 shares of the aerospace company’s stock valued at $3,289,000 after purchasing an additional 15,424 shares during the period. Wells Fargo & Company MN lifted its position in Esterline by 39.3% during the 3rd quarter. Wells Fargo & Company MN now owns 219,225 shares of the aerospace company’s stock valued at $19,763,000 after purchasing an additional 61,835 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Esterline by 3.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 198,870 shares of the aerospace company’s stock valued at $17,929,000 after acquiring an additional 6,373 shares during the period. Jane Street Group LLC acquired a new stake in shares of Esterline in the 3rd quarter valued at approximately $470,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Esterline in the 3rd quarter valued at approximately $1,037,000. Institutional investors own 95.12% of the company’s stock.
Esterline Company Profile
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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