Zacks: Brokerages Anticipate Esterline Technologies Co. (ESL) Will Announce Quarterly Sales of $510.84 Million
Analysts predict that Esterline Technologies Co. (NYSE:ESL) will post $510.84 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Esterline Technologies’ earnings. The highest sales estimate is $515.00 million and the lowest is $504.00 million. Esterline Technologies posted sales of $509.18 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.3%. The company is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Esterline Technologies will report full-year sales of $510.84 million for the current year, with estimates ranging from $2.05 billion to $2.07 billion. For the next financial year, analysts expect that the company 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 calculations are an average based on a survey of research firms that cover Esterline Technologies.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The business had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 5.5% on a year-over-year basis.
In related news, Director Delores M. Etter acquired 1,000 shares of Esterline Technologies stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $72.13 per share, with a total value of $72,130.00. Following the transaction, the director now directly owns 13,627 shares in the company, valued at $982,915.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total value of $453,780.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Esterline Technologies by 6.9% during the 4th quarter. BlackRock Inc. now owns 3,583,751 shares of the aerospace company’s stock valued at $267,705,000 after buying an additional 232,444 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Esterline Technologies by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,510,338 shares of the aerospace company’s stock valued at $226,308,000 after buying an additional 11,085 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Esterline Technologies by 6.6% during the 3rd quarter. Fiduciary Management Inc. WI now owns 1,037,564 shares of the aerospace company’s stock valued at $93,536,000 after buying an additional 64,608 shares in the last quarter. Victory Capital Management Inc. increased its position in Esterline Technologies by 16.6% during the 4th quarter. Victory Capital Management Inc. now owns 895,486 shares of the aerospace company’s stock valued at $66,893,000 after buying an additional 127,323 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Esterline Technologies by 31.2% during the 4th quarter. Franklin Resources Inc. now owns 750,410 shares of the aerospace company’s stock valued at $56,056,000 after buying an additional 178,402 shares in the last quarter. 93.69% of the stock is owned by institutional investors.
Shares of Esterline Technologies (NYSE:ESL) opened at $75.65 on Friday. Esterline Technologies has a fifty-two week low of $67.15 and a fifty-two week high of $102.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11. The firm has a market capitalization of $2,248.47, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29.
Esterline Technologies 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. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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