Esterline Technologies Corp. (ESL) Given Average Recommendation of “Buy” by Analysts
Esterline Technologies Corp. (NYSE:ESL) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $81.17.
Several research firms have recently weighed in on ESL. Drexel Hamilton upgraded shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Monday, August 15th. Zacks Investment Research upgraded shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Wednesday, October 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $87.00 price objective on shares of Esterline Technologies Corp. in a research note on Friday, August 5th.
In other Esterline Technologies Corp. news, EVP Albert S. Yost sold 10,800 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $76.32, for a total transaction of $824,256.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Select Drawdown Fund L.P. Fpa purchased 5,340 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were acquired at an average price of $59.83 per share, with a total value of $319,492.20. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ESL. State Street Corp raised its stake in shares of Esterline Technologies Corp. by 1.4% in the first quarter. State Street Corp now owns 1,005,140 shares of the company’s stock worth $64,400,000 after buying an additional 13,940 shares during the period. BlackRock Group LTD raised its stake in Esterline Technologies Corp. by 22.7% in the first quarter. BlackRock Group LTD now owns 20,308 shares of the company’s stock valued at $1,301,000 after buying an additional 3,762 shares during the last quarter. Moore Capital Management LP purchased a new stake in Esterline Technologies Corp. during the first quarter valued at about $5,068,000. Prudential Financial Inc. raised its stake in Esterline Technologies Corp. by 30.4% in the first quarter. Prudential Financial Inc. now owns 82,364 shares of the company’s stock valued at $5,277,000 after buying an additional 19,190 shares during the last quarter. Finally, UBS Group AG raised its stake in Esterline Technologies Corp. by 5.4% in the first quarter. UBS Group AG now owns 21,380 shares of the company’s stock valued at $1,370,000 after buying an additional 1,093 shares during the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.
Shares of Esterline Technologies Corp. (NYSE:ESL) traded up 0.62% during mid-day trading on Friday, reaching $72.60. 39,715 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $75.67 and its 200 day moving average price is $68.19. Esterline Technologies Corp. has a 52-week low of $45.12 and a 52-week high of $96.44. The company has a market cap of $2.13 billion, a PE ratio of 44.93 and a beta of 1.23.
Esterline Technologies Corp. (NYSE:ESL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.10. The firm had revenue of $517.10 million for the quarter, compared to the consensus estimate of $490.37 million. Esterline Technologies Corp. had a net margin of 2.40% and a return on equity of 6.15%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that Esterline Technologies Corp. will post $4.51 EPS for the current year.
Esterline Technologies Corp. 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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
Receive News & Stock Ratings for Esterline Technologies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Corp. and related stocks with our FREE daily email newsletter.