Somewhat Positive Press Coverage Somewhat Unlikely to Affect Esterline Technologies Corporation (ESL) Stock Price
Media stories about Esterline Technologies Corporation (NYSE:ESL) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Esterline Technologies Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.6436211425599 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Esterline Technologies Corp (ESL) Files 10-K for the Fiscal Year Ended on September 30, 2017 (finance.yahoo.com)
- Insider Buying: Esterline Technologies Corporation (ESL) Director Purchases 1,450 Shares of Stock (americanbankingnews.com)
- Insider Buying: Esterline Technologies Corporation (ESL) Chairman Purchases 2,900 Shares of Stock (americanbankingnews.com)
- Esterline Technologies (ESL) Secures Multi-Year Defense Contract from US Army to Supply Medium-Caliber Training Ammunition Payloads (streetinsider.com)
- Esterline Wins Multi-Year Defense Contract to Supply Medium-Caliber Training Ammunition Payloads for U.S. Army Program (finance.yahoo.com)
A number of equities research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 target price on shares of Esterline Technologies Corporation in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Esterline Technologies Corporation in a research note on Thursday, October 12th. ValuEngine lowered Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Esterline Technologies Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Finally, Drexel Hamilton lowered Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $92.33.
Shares of Esterline Technologies Corporation (ESL) traded up $0.15 during mid-day trading on Wednesday, hitting $71.65. 232,800 shares of the stock traded hands, compared to its average volume of 161,507. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41. Esterline Technologies Corporation has a twelve month low of $69.10 and a twelve month high of $102.70. The company has a market capitalization of $2,143.21, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.54.
Esterline Technologies Corporation (NYSE:ESL) last issued its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) 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 business had revenue of $531.50 million during the quarter, compared to the consensus estimate of $540.55 million. During the same period in the prior year, the business earned $1.96 EPS. The business’s revenue was down 2.3% on a year-over-year basis. equities research analysts expect that Esterline Technologies Corporation will post 3.85 earnings per share for the current fiscal year.
In other news, Chairman Curtis C. Reusser purchased 2,900 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $70.00 per share, for a total transaction of $203,000.00. Following the completion of the purchase, the chairman now owns 39,199 shares of the company’s stock, valued at $2,743,930. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the firm’s 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. Insiders sold 269,911 shares of company stock worth $25,692,702 in the last 90 days. 1.40% of the stock is owned by company insiders.
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About Esterline Technologies Corporation
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.
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