Brokerages Expect Esterline Technologies Co. (ESL) to Announce $0.47 Earnings Per Share
Equities research analysts forecast that Esterline Technologies Co. (NYSE:ESL) will post $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Esterline Technologies’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.70. Esterline Technologies posted earnings of $0.82 per share in the same quarter last year, which indicates a negative year over year growth rate of 42.7%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 1st.
On average, analysts expect that Esterline Technologies will report full-year earnings of $3.90 per share for the current financial year, with EPS estimates ranging from $3.75 to $4.05. For the next year, analysts anticipate that the company will report earnings of $4.83 per share, with EPS estimates ranging from $4.40 to $5.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Esterline Technologies.
Esterline Technologies (NYSE:ESL) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a net margin of 5.86% and a return on equity of 7.68%. The firm had revenue of $531.50 million for the quarter, compared to analysts’ expectations of $540.55 million. During the same period last year, the company posted $1.96 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year.
In other news, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $95.21, for a total value of $850,320.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder J Richard Atwood sold 31,155 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $96.04, for a total transaction of $2,992,126.20. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 6,800 shares of company stock worth $479,015 and have sold 268,290 shares worth $25,452,666. 1.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Esterline Technologies by 13.9% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Esterline Technologies by 11.3% in 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 during the period. Flinton Capital Management LLC lifted its stake in shares of Esterline Technologies by 57.4% in 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 during the period. Riverhead Capital Management LLC lifted its stake in shares of Esterline Technologies by 61.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,265 shares of the aerospace company’s stock worth $215,000 after purchasing an additional 865 shares during the period. Finally, Capstone Investment Advisors Netherlands B.V. bought a new position in shares of Esterline Technologies in the 2nd quarter worth approximately $226,000. Hedge funds and other institutional investors own 92.01% of the company’s stock.
Esterline Technologies (ESL) traded down $0.15 on Wednesday, reaching $75.25. 410,200 shares of the company’s stock traded hands, compared to its average volume of 245,630. 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 company has a market cap of $2,241.02, a PE ratio of 19.29, a P/E/G ratio of 1.61 and a beta of 1.43. Esterline Technologies has a 1-year low of $68.30 and a 1-year high of $102.70.
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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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