Esterline Technologies (ESL) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Esterline Technologies (NYSE:ESL) released its earnings data on Thursday. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.02, Stock Ratings Network.com reports. 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. Esterline Technologies updated its FY14 guidance to $5.70-6.00 EPS.
Shares of Esterline Technologies (NYSE:ESL) traded up 0.04% on Thursday, hitting $117.31. The stock had a trading volume of 171,521 shares. Esterline Technologies has a 1-year low of $76.00 and a 1-year 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.
A number of research firms have recently commented on ESL. 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Esterline Technologies has an average rating of “Buy” and a consensus target price of $116.29.
Esterline Technologies Corporation (NYSE:ESL) is a manufacturing company serving aerospace and defense customers.