Esterline Technologies Corporation (NYSE:ESL) – Stock analysts at Seaport Global Securities issued their FY2017 EPS estimates for shares of Esterline Technologies Corporation in a note issued to investors on Tuesday. Seaport Global Securities analyst J. Sullivan anticipates that the aerospace company will post earnings per share of $4.61 for the year. Seaport Global Securities currently has a “Neutral” rating and a $93.00 target price on the stock. Seaport Global Securities also issued estimates for Esterline Technologies Corporation’s Q4 2017 earnings at $1.50 EPS, Q1 2018 earnings at $0.88 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $1.25 EPS, Q4 2018 earnings at $1.61 EPS, FY2018 earnings at $4.82 EPS, Q1 2019 earnings at $0.94 EPS, Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.38 EPS and FY2019 earnings at $5.11 EPS.

Esterline Technologies Corporation (NYSE:ESL) last posted 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). The firm had revenue of $503.80 million for the quarter, compared to the consensus estimate of $522.38 million. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 earnings per share.

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A number of other equities analysts also recently issued reports on ESL. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 price objective on shares of Esterline Technologies Corporation in a report on Thursday, May 18th. Zacks Investment Research cut Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Canaccord Genuity reiterated a “hold” rating and set a $90.00 target price on shares of Esterline Technologies Corporation in a research note on Thursday, June 22nd. BidaskClub cut Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Credit Suisse Group cut Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $106.00 to $100.00 in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Esterline Technologies Corporation has an average rating of “Hold” and an average target price of $94.00.

Esterline Technologies Corporation (NYSE ESL) opened at 85.80 on Thursday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.12 and a beta of 1.45. Esterline Technologies Corporation has a 12 month low of $69.85 and a 12 month high of $102.70. The stock has a 50 day moving average of $87.49 and a 200 day moving average of $90.97.

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Esterline Technologies Corporation by 13.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock valued at $104,000 after buying an additional 133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Esterline Technologies Corporation by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after buying an additional 120 shares during the period. Flinton Capital Management LLC increased its position in shares of Esterline Technologies Corporation by 57.4% during the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock valued at $129,000 after buying an additional 496 shares during the period. Pacad Investment Ltd. increased its position in shares of Esterline Technologies Corporation by 100.0% during the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock valued at $171,000 after buying an additional 900 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of Esterline Technologies Corporation by 2.9% during 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. Institutional investors and hedge funds own 92.66% of the company’s stock.

In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

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.

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

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