Esterline Technologies Corp. Sets New 1-Year High at $102.57 (ESL)
Esterline Technologies Corp. (NYSE:ESL)’s share price reached a new 52-week high during trading hours on Thursday, Stock Ratings Network.com reports. The company traded as high as $102.57 and last traded at $101.26, with a volume of 86,631 shares traded. The stock had previously closed at $101.24.
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 analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.86.
In other Esterline Technologies Corp. news, Chairman Richard Bradley Lawrence sold 12,500 shares of the company’s stock on the open market in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $100.31, for a total transaction of $1,253,875.00. Following the completion of the transaction, the chairman now directly owns 8,966 shares of the company’s stock, valued at approximately $899,379. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Esterline Technologies Corp. has a 52-week low of $62.61 and a 52-week high of $102.57. The stock has a 50-day moving average of $94.76 and a 200-day moving average of $83.16. The company has a market cap of $3.180 billion and a price-to-earnings ratio of 19.51.
Esterline Technologies Corp. (NYSE:ESL) last issued its quarterly earnings data on Thursday, December 5th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.97 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. 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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