Esterline Technologies Corp. Chairman Sells $1,253,875 in Stock (ESL)
Esterline Technologies Corp. (NYSE:ESL) Chairman Richard Bradley Lawrence sold 12,500 shares of Esterline Technologies Corp. stock on the open market in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $100.31, for a total value of $1,253,875.00. Following the transaction, the chairman now directly owns 8,966 shares in the company, valued at approximately $899,379. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ESL. 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 equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $89.86.
Shares of Esterline Technologies Corp. (NYSE:ESL) traded up 0.11% on Wednesday, hitting $101.24. The stock had a trading volume of 261,194 shares. Esterline Technologies Corp. has a 1-year low of $62.61 and a 1-year high of $102.44. The stock’s 50-day moving average is $94.18 and its 200-day moving average is $83.03. The company has a market cap of $3.197 billion and a P/E ratio of 19.49.
Esterline Technologies Corp. (NYSE:ESL) last issued its quarterly earnings data on Thursday, December 5th. The company reported $2.07 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.97 earnings per share. Esterline Technologies Corp.’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Esterline Technologies Corp. will post $5.62 earnings per share for the current fiscal year.
Esterline Technologies Corporation (NYSE:ESL) is a manufacturing company serving aerospace and defense customers.
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