Wall Street analysts predict that Esterline Technologies Co. (NYSE:ESL) will report sales of $535.44 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Esterline Technologies’ earnings, with estimates ranging from $520.56 million to $546.70 million. Esterline Technologies reported sales of $531.53 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The company is scheduled to issue its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Esterline Technologies will report full year sales of $2.04 billion for the current fiscal year, with estimates ranging from $2.02 billion to $2.05 billion. For the next financial year, analysts expect that the company will post sales of $2.06 billion per share, with estimates ranging from $2.05 billion to $2.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Esterline Technologies.

Esterline Technologies (NYSE:ESL) last posted its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.15. The company had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $476.01 million. Esterline Technologies had a net margin of 2.62% and a return on equity of 5.91%. Esterline Technologies’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share.

A number of research analysts have commented on ESL shares. Zacks Investment Research cut shares of Esterline Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Wells Fargo & Co reiterated a “market perform” rating and set a $95.00 price target (up from $84.00) on shares of Esterline Technologies in a research report on Monday, July 23rd. Canaccord Genuity increased their price target on shares of Esterline Technologies from $76.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. Credit Suisse Group increased their price target on shares of Esterline Technologies from $63.00 to $66.00 and gave the company an “underperform” rating in a research report on Tuesday, August 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $92.00 price target on shares of Esterline Technologies in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $83.11.

In other Esterline Technologies news, major shareholder Hawkeye Fund Fpa sold 2,000 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $73.20, for a total transaction of $146,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ESL. Balter Liquid Alternatives LLC bought a new position in shares of Esterline Technologies in the first quarter worth approximately $195,000. Hartford Investment Management Co. bought a new position in shares of Esterline Technologies in the second quarter worth approximately $208,000. Summit Trail Advisors LLC grew its holdings in shares of Esterline Technologies by 6,585.3% in the first quarter. Summit Trail Advisors LLC now owns 210,787 shares of the aerospace company’s stock worth $211,000 after purchasing an additional 207,634 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Esterline Technologies in the first quarter worth approximately $291,000. Finally, First Washington CORP bought a new position in shares of Esterline Technologies in the second quarter worth approximately $306,000. Institutional investors and hedge funds own 93.97% of the company’s stock.

Shares of ESL stock traded up $0.65 during trading on Monday, hitting $86.05. The company had a trading volume of 118,000 shares, compared to its average volume of 208,518. The company has a current ratio of 3.39, a quick ratio of 2.12 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. Esterline Technologies has a 52 week low of $67.15 and a 52 week high of $96.95.

About Esterline Technologies

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

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

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