Esterline Technologies Corp. VP Sells $2,521,750 in Stock (ESL)
Esterline Technologies Corp. (NYSE:ESL) VP Albert Yost sold 25,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $100.87, for a total transaction of $2,521,750.00. Following the transaction, the vice president now directly owns 801 shares of the company’s stock, valued at approximately $80,797. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Esterline Technologies Corp. (NYSE:ESL) traded down 1.05% on Monday, hitting $99.78. 257,593 shares of the company’s stock traded hands. Esterline Technologies Corp. has a 52 week low of $62.61 and a 52 week high of $102.44. The stock’s 50-day moving average is $92.40 and its 200-day moving average is $82.32. The company has a market cap of $3.151 billion and a price-to-earnings ratio of 19.43.
Esterline Technologies Corp. (NYSE:ESL) last issued its quarterly earnings data on Thursday, December 5th. The company reported $2.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.79 by $0.28. The company had revenue of $534.20 million for the quarter, compared to the consensus estimate of $551.48 million. During the same quarter in the prior year, the company posted $1.97 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that Esterline Technologies Corp. will post $5.62 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Esterline Technologies Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 1st. They now have a $100.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Esterline Technologies Corp. from $85.00 to $90.00 in a research note to investors on Friday, December 6th. They now have a “hold” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Esterline Technologies Corp. from $83.00 to $90.00 in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $89.86.
Esterline Technologies Corporation (NYSE:ESL) is a manufacturing company serving aerospace and defense customers.
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