Equities analysts forecast that Esterline Technologies Co. (NYSE:ESL) will post earnings per share of $0.52 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Esterline Technologies’ earnings. The highest EPS estimate is $0.70 and the lowest is $0.35. Esterline Technologies posted earnings of $0.82 per share in the same quarter last year, which would suggest a negative year over year growth rate of 36.6%. The business is expected to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Esterline Technologies will report full-year earnings of $3.85 per share for the current financial year, with EPS estimates ranging from $3.75 to $4.05. For the next fiscal year, analysts forecast that the firm will post earnings of $4.75 per share, with EPS estimates ranging from $4.40 to $5.08. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Esterline Technologies.
Esterline Technologies (NYSE:ESL) last posted its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.26). Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The business had revenue of $531.50 million for the quarter, compared to analyst estimates of $540.55 million. During the same period last year, the business earned $1.96 EPS. Esterline Technologies’s revenue was down 2.3% compared to the same quarter last year.
In related news, Director Delores M. Etter bought 1,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $72.13 per share, with a total value of $72,130.00. Following the purchase, the director now directly owns 13,627 shares of the company’s stock, valued at approximately $982,915.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder J Richard Atwood sold 173,979 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $95.24, for a total value of $16,569,759.96. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 6,800 shares of company stock valued at $479,015 and sold 269,911 shares valued at $25,692,702. Insiders own 1.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in Esterline Technologies by 13.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Esterline Technologies by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 120 shares in the last quarter. Flinton Capital Management LLC grew its stake in Esterline Technologies by 57.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 496 shares in the last quarter. Pacad Investment Ltd. grew its stake in Esterline Technologies by 100.0% during the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after purchasing an additional 900 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Esterline Technologies during the 2nd quarter worth $202,000. 91.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Esterline Technologies (ESL) opened at $71.90 on Friday. Esterline Technologies has a one year low of $68.30 and a one year high of $102.70. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2,125.90, a price-to-earnings ratio of 16.22, a PEG ratio of 1.52 and a beta of 1.43.
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About Esterline Technologies
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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