Wall Street brokerages forecast that Esterline Technologies Co. (NYSE:ESL) will announce sales of $463.73 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Esterline Technologies’ earnings, with estimates ranging from $457.00 million to $472.00 million. Esterline Technologies posted sales of $457.73 million in the same quarter last year, which suggests a positive year over year growth rate of 1.3%. The business is expected to report its next earnings results on Thursday, February 1st.

On average, analysts expect that Esterline Technologies will report full-year sales of $463.73 million for the current financial year, with estimates ranging from $2.04 billion to $2.05 billion. For the next financial year, analysts expect that the firm will post sales of $2.12 billion per share, with estimates ranging from $2.10 billion to $2.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Esterline Technologies.

Esterline Technologies (NYSE:ESL) last released its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.26). The firm had revenue of $531.50 million for the quarter, compared to the consensus estimate of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity dropped their target price on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Seaport Global Securities assumed coverage on Esterline Technologies in a research report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price for the company. Credit Suisse Group restated a “neutral” rating and set a $70.00 target price (down previously from $100.00) on shares of Esterline Technologies in a research report on Tuesday, December 12th. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Esterline Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.33.

In related news, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $95.21, for a total value of $850,320.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder J Richard Atwood sold 173,979 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were 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. In the last quarter, insiders purchased 6,800 shares of company stock valued at $479,015 and sold 269,911 shares valued at $25,692,702. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESL. Lord Abbett & CO. LLC bought a new stake in Esterline Technologies in the second quarter valued at about $26,478,000. Principal Financial Group Inc. increased its holdings in Esterline Technologies by 212.3% in the second quarter. Principal Financial Group Inc. now owns 378,783 shares of the aerospace company’s stock valued at $35,908,000 after purchasing an additional 257,500 shares during the last quarter. Fisher Asset Management LLC bought a new stake in Esterline Technologies in the third quarter valued at about $18,677,000. State of New Jersey Common Pension Fund D acquired a new position in Esterline Technologies in the third quarter valued at about $18,030,000. Finally, Walthausen & Co. LLC acquired a new position in Esterline Technologies in the second quarter valued at about $12,599,000. Institutional investors and hedge funds own 91.26% of the company’s stock.

Esterline Technologies (NYSE:ESL) traded up $1.95 during mid-day trading on Friday, hitting $73.85. The stock had a trading volume of 786,720 shares, compared to its average volume of 306,714. The company has a market capitalization of $2,218.82, a P/E ratio of 16.93, a P/E/G ratio of 1.58 and a beta of 1.43. Esterline Technologies has a 12 month low of $68.30 and a 12 month high of $102.70. The company has a current ratio of 3.25, a quick ratio of 2.03 and a debt-to-equity ratio of 0.41.

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

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