Esterline Technologies Corp. (ESL) Shares Up 0.4% After Analyst Upgrade
Esterline Technologies Corp. (NYSE:ESL)’s share price shot up 0.4% during mid-day trading on Monday after Jefferies Group raised their price target on the stock from $87.00 to $92.00. Jefferies Group currently has a buy rating on the stock. Esterline Technologies Corp. traded as high as $88.80 and last traded at $85.55, with a volume of 96,979 shares. The stock had previously closed at $85.20.
A number of other equities analysts have also issued reports on the stock. Canaccord Genuity restated a “hold” rating and set a $70.00 target price on shares of Esterline Technologies Corp. in a research report on Tuesday, November 8th. Zacks Investment Research lowered shares of Esterline Technologies Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Finally, Drexel Hamilton upgraded shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $81.17.
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 SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of Esterline Technologies Corp. by 74.6% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the company’s stock valued at $113,000 after buying an additional 775 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Esterline Technologies Corp. during the second quarter valued at approximately $117,000. Tower Research Capital LLC TRC bought a new stake in shares of Esterline Technologies Corp. during the second quarter valued at approximately $127,000. Public Employees Retirement System of Ohio raised its stake in shares of Esterline Technologies Corp. by 21.6% in the second quarter. Public Employees Retirement System of Ohio now owns 2,377 shares of the company’s stock valued at $147,000 after buying an additional 423 shares during the last quarter. Finally, First New York Securities LLC NY bought a new stake in shares of Esterline Technologies Corp. during the third quarter valued at approximately $152,000. Institutional investors own 88.19% of the company’s stock.
The company has a market cap of $2.46 billion, a P/E ratio of 24.52 and a beta of 1.33. The company has a 50 day moving average of $74.00 and a 200 day moving average of $69.44.
Esterline Technologies Corp. (NYSE:ESL) last posted its quarterly earnings results on Thursday, November 10th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.36. The business had revenue of $543.80 million for the quarter, compared to analyst estimates of $522.13 million. Esterline Technologies Corp. had a return on equity of 9.23% and a net margin of 5.10%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Equities research analysts predict that Esterline Technologies Corp. will post $5.27 earnings per share for the current fiscal 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.