Analysts predict that Esterline Technologies Corporation (NYSE:ESL) will announce $546.87 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Esterline Technologies Corporation’s earnings. The lowest sales estimate is $541.30 million and the highest is $555.00 million. Esterline Technologies Corporation reported sales of $543.75 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Esterline Technologies Corporation will report full-year sales of $546.87 million for the current financial year, with estimates ranging from $2.01 billion to $2.04 billion. For the next year, analysts forecast that the firm will report sales of $2.09 billion per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Esterline Technologies Corporation.

Esterline Technologies Corporation (NYSE:ESL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $522.38 million. During the same quarter in the previous year, the business posted $1.38 EPS. Esterline Technologies Corporation’s revenue was down 2.6% on a year-over-year basis.

Several brokerages have recently weighed in on ESL. 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 reissued a “hold” rating and issued a $90.00 price objective on shares of Esterline Technologies Corporation in a research note on Monday, May 15th. Credit Suisse Group reissued an “outperform” rating and issued a $106.00 price objective (up from $96.00) on shares of Esterline Technologies Corporation in a research note on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and issued a $92.00 price objective on shares of Esterline Technologies Corporation in a research note on Tuesday, April 18th. Finally, BidaskClub raised Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Esterline Technologies Corporation currently has a consensus rating of “Hold” and a consensus price target of $95.67.

In other Esterline Technologies Corporation news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this link. Also, EVP Albert S. Yost sold 6,700 shares of the stock in a transaction dated 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. Insiders have sold a total of 41,170 shares of company stock valued at $3,865,674 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC raised its stake in shares of 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 raised its stake in shares of 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 acquired a new stake in shares of Esterline Technologies Corporation during the second quarter valued at $202,000. Oakbrook Investments LLC acquired a new stake in shares of Esterline Technologies Corporation during the second quarter valued at $209,000. Finally, Perkins Coie Trust Co raised its stake in shares of 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 currently owned by institutional investors.

Shares of Esterline Technologies Corporation (NYSE ESL) opened at 84.50 on Tuesday. The company has a market cap of $2.52 billion, a PE ratio of 18.91 and a beta of 1.43. Esterline Technologies Corporation has a 1-year low of $64.99 and a 1-year high of $102.70. The firm’s 50-day moving average is $97.02 and its 200-day moving average is $91.51.

ILLEGAL ACTIVITY NOTICE: “$546.87 Million in Sales Expected for Esterline Technologies Corporation (NYSE:ESL) This Quarter” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/08/546-87-million-in-sales-expected-for-esterline-technologies-corporation-nyseesl-this-quarter.html.

Esterline Technologies Corporation Company Profile

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.

Get a free copy of the Zacks research report on Esterline Technologies Corporation (ESL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Esterline Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.