Esterline Technologies Co. (ESL) Updates FY14 Earnings Guidance
Esterline Technologies Co. (NYSE:ESL) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.70-6.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.65, AnalystRatings.Net reports.
ESL has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Esterline Technologies from a neutral rating to a buy rating in a research note on Thursday, August 7th. They now have a $140.00 price target on the stock, up previously from $111.00. On a related note, analysts at Drexel Hamilton initiated coverage on shares of Esterline Technologies in a research note on Wednesday, July 16th. They set a buy rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Esterline Technologies from $118.00 to $134.00 in a research note on Monday, June 23rd. They now have a buy rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $116.29.
Esterline Technologies Co. (NYSE:ESL) traded up 0.04% on Thursday, hitting $117.31. 171,521 shares of the company’s stock traded hands. Esterline Technologies Co. has a 52 week low of $76.00 and a 52 week high of $122.52. The stock has a 50-day moving average of $113.7 and a 200-day moving average of $110.. The company has a market cap of $3.750 billion and a P/E ratio of 22.03.
Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, September 4th. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.02. The company had revenue of $531.12 million for the quarter, compared to the consensus estimate of $516.60 million. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts predict that Esterline Technologies Co. will post $5.63 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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