Several brokerages have updated their recommendations and price targets on shares of Esterline Technologies Corporation (NYSE: ESL) in the last few weeks:

  • 8/4/2017 – Esterline Technologies Corporation was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating.
  • 8/4/2017 – Esterline Technologies Corporation had its price target raised by analysts at Canaccord Genuity from $90.00 to $92.00. They now have a “hold” rating on the stock.
  • 7/25/2017 – Esterline Technologies Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $92.00 price target on the stock.
  • 7/19/2017 – Esterline Technologies Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/5/2017 – Esterline Technologies Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design, manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft, helicopters, and land-based systems. Their sales are diversified across three broad markets: defense, commercial aerospace, and general industrial. “
  • 6/23/2017 – Esterline Technologies Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/22/2017 – Esterline Technologies Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $90.00 price target on the stock.
  • 6/9/2017 – Esterline Technologies Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design, manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft, helicopters, and land-based systems. Their sales are diversified across three broad markets: defense, commercial aerospace, and general industrial. “

Esterline Technologies Corporation (ESL) traded up 1.67% during trading on Monday, reaching $85.20. The company had a trading volume of 106,157 shares. The stock has a market capitalization of $2.54 billion, a P/E ratio of 19.06 and a beta of 1.43. The stock has a 50 day moving average of $97.02 and a 200-day moving average of $91.51. Esterline Technologies Corporation has a 12-month low of $64.99 and a 12-month high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.22. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The firm had revenue of $503.80 million during the quarter, compared to analysts’ expectations of $522.38 million. During the same period in the prior year, the firm posted $1.38 earnings per share. Esterline Technologies Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts forecast that Esterline Technologies Corporation will post $4.88 earnings per share for the current fiscal year.

In other Esterline Technologies Corporation news, EVP Albert S. Yost sold 6,700 shares of Esterline Technologies Corporation stock in a transaction on Friday, May 19th. The shares were sold at an average price of $92.61, for a total value of $620,487.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Hawkeye Fund Fpa sold 7,770 shares of Esterline Technologies Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total transaction of $749,805.00. The disclosure for this sale can be found here. Insiders sold 41,170 shares of company stock worth $3,865,674 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.

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