Esterline Technologies Corporation (ESL) Set to Announce Earnings on Thursday
Esterline Technologies Corporation (NYSE:ESL) will post its quarterly earnings results after the market closes on Thursday, November 9th. Analysts expect Esterline Technologies Corporation to post earnings of $1.58 per share for the quarter.
Esterline Technologies Corporation (NYSE:ESL) last posted 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). The company had revenue of $503.80 million during 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 firm’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. On average, analysts expect Esterline Technologies Corporation to post $4.63 EPS for the current fiscal year and $5.02 EPS for the next fiscal year.
A number of brokerages have recently issued reports on ESL. BidaskClub upgraded Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Canaccord Genuity lifted their price target on Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group downgraded Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $106.00 to $100.00 in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $92.00 price target on shares of Esterline Technologies Corporation in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Esterline Technologies Corporation presently has an average rating of “Hold” and an average target price of $92.67.
In related news, major shareholder J Richard Atwood sold 31,155 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $96.04, for a total value of $2,992,126.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $91.04, for a total value of $693,815.84. The disclosure for this sale can be found here. Company 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.
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