Esterline Technologies Corporation (NYSE:ESL) – SunTrust Banks decreased their Q4 2017 earnings per share (EPS) estimates for Esterline Technologies Corporation in a report released on Thursday. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will earn $1.52 per share for the quarter, down from their previous forecast of $1.63. SunTrust Banks also issued estimates for Esterline Technologies Corporation’s Q1 2018 earnings at $0.86 EPS and Q4 2018 earnings at $1.89 EPS.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Canaccord Genuity restated a “hold” rating and set a $90.00 target price on shares of Esterline Technologies Corporation in a research note on Monday, May 15th. Credit Suisse Group restated an “outperform” rating and set a $106.00 target price (up previously from $96.00) on shares of Esterline Technologies Corporation in a research note on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and set a $92.00 target price on shares of Esterline Technologies Corporation in a research note on Tuesday, April 18th. Finally, BidaskClub upgraded Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $95.67.

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Shares of Esterline Technologies Corporation (NYSE:ESL) opened at 83.80 on Monday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 18.75 and a beta of 1.43. The firm’s 50-day moving average price is $97.02 and its 200 day moving average price is $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 posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $503.80 million for the quarter, compared to analysts’ expectations of $522.38 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. Esterline Technologies Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its position in Esterline Technologies Corporation by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock valued at $181,000 after buying an additional 60 shares during the period. Invictus RG boosted its position in Esterline Technologies Corporation by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock valued at $194,000 after buying an additional 898 shares during the period. Teacher Retirement System of Texas purchased a new position in Esterline Technologies Corporation during the second quarter valued at approximately $202,000. Oakbrook Investments LLC purchased a new position in Esterline Technologies Corporation during the second quarter valued at approximately $209,000. Finally, Perkins Coie Trust Co boosted its position in Esterline Technologies Corporation by 7.9% in the second quarter. Perkins Coie Trust Co now owns 2,729 shares of the aerospace company’s stock valued at $259,000 after buying an additional 200 shares during the period. 90.22% of the stock is owned by hedge funds and other institutional investors.

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

About Esterline Technologies Corporation

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.

Earnings History and Estimates for Esterline Technologies Corporation (NYSE:ESL)

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