Esterline Technologies (NYSE:ESL) was downgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, The Fly reports.

Several other equities analysts have also commented on ESL. Zacks Investment Research upgraded Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. SunTrust Banks reiterated a “hold” rating and issued a $82.00 target price on shares of Esterline Technologies in a research note on Tuesday. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Jefferies Group reiterated a “hold” rating and issued a $83.00 target price on shares of Esterline Technologies in a research note on Monday. Finally, Canaccord Genuity dropped their target price on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.17.

Shares of Esterline Technologies (ESL) opened at $77.40 on Friday. 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 has a 12-month low of $68.30 and a 12-month high of $102.70. The stock has a market capitalization of $2,270.00, a price-to-earnings ratio of 18.65, a PEG ratio of 1.61 and a beta of 1.43.

Esterline Technologies (NYSE:ESL) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a net margin of 6.99% and a return on equity of 8.25%. The company had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. During the same quarter in the prior year, the company earned $1.96 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. sell-side analysts anticipate that Esterline Technologies will post 3.85 EPS for the current fiscal year.

In related news, major shareholder J Richard Atwood sold 31,155 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $96.04, for a total value of $2,992,126.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Curtis C. Reusser purchased 2,900 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $70.00 per share, with a total value of $203,000.00. Following the completion of the purchase, the chairman now directly owns 39,199 shares of the company’s stock, valued at $2,743,930. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,800 shares of company stock valued at $479,015 and sold 268,290 shares valued at $25,452,666. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in Esterline Technologies by 13.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Esterline Technologies by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after acquiring an additional 120 shares during the last quarter. Flinton Capital Management LLC increased its stake in Esterline Technologies by 57.4% during the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 496 shares during the last quarter. Pacad Investment Ltd. increased its stake in Esterline Technologies by 100.0% during the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after acquiring an additional 900 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Esterline Technologies by 61.8% during the second quarter. Riverhead Capital Management LLC now owns 2,265 shares of the aerospace company’s stock worth $215,000 after acquiring an additional 865 shares during the last quarter. Institutional investors own 92.00% of the company’s stock.

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About Esterline Technologies

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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