Zacks: Analysts Expect Esterline Technologies Co. (ESL) Will Post Quarterly Sales of $463.73 Million
Wall Street brokerages expect Esterline Technologies Co. (NYSE:ESL) to post $463.73 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Esterline Technologies’ earnings. The highest sales estimate is $472.00 million and the lowest is $457.00 million. Esterline Technologies posted sales of $457.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 1st.
On average, analysts expect that Esterline Technologies will report full-year sales of $463.73 million for the current year, with estimates ranging from $2.04 billion to $2.05 billion. For the next year, analysts expect that the business will report sales of $2.12 billion per share, with estimates ranging from $2.10 billion to $2.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Esterline Technologies.
Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). The business 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 quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share.
In other Esterline Technologies news, major shareholder J Richard Atwood sold 173,979 shares of Esterline Technologies stock in a transaction on Monday, November 6th. The shares were sold at an average price of $95.24, for a total transaction of $16,569,759.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Delores M. Etter acquired 1,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $72.13 per share, for a total transaction of $72,130.00. Following the completion of the acquisition, the director now directly owns 13,627 shares in the company, valued at $982,915.51. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,800 shares of company stock valued at $479,015 and sold 268,290 shares valued at $25,452,666. Insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in Esterline Technologies by 7.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 212,759 shares of the aerospace company’s stock valued at $15,894,000 after acquiring an additional 13,889 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Esterline Technologies by 7.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,360 shares of the aerospace company’s stock valued at $1,222,000 after buying an additional 1,200 shares during the period. California Public Employees Retirement System increased its position in shares of Esterline Technologies by 1.5% during the third quarter. California Public Employees Retirement System now owns 83,065 shares of the aerospace company’s stock valued at $7,488,000 after buying an additional 1,265 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Esterline Technologies by 83.9% during the third quarter. Cubist Systematic Strategies LLC now owns 14,931 shares of the aerospace company’s stock valued at $1,346,000 after buying an additional 6,813 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Esterline Technologies during the third quarter valued at about $1,037,000. 92.01% of the stock is currently owned by institutional investors.
Esterline Technologies (NYSE:ESL) traded down $1.20 on Friday, hitting $74.15. 270,200 shares of the company were exchanged, compared to its average volume of 250,958. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25. The company has a market capitalization of $2,239.53, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.61 and a beta of 1.43. Esterline Technologies has a twelve month low of $68.30 and a twelve month high of $102.70.
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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