Delores M. Etter Buys 1,000 Shares of Esterline Technologies Co. (ESL) Stock
Esterline Technologies Co. (NYSE:ESL) Director Delores M. Etter acquired 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 13,627 shares in the company, valued at approximately $982,915.51. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Esterline Technologies Co. (NYSE ESL) traded up $1.95 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 quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41. Esterline Technologies Co. has a 52-week low of $68.30 and a 52-week high of $102.70. The stock has a market capitalization of $2,155.88, a PE ratio of 16.45, a PEG ratio of 1.54 and a beta of 1.43.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share 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 the consensus estimate of $540.55 million. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. analysts forecast that Esterline Technologies Co. will post 3.85 earnings per share for the current fiscal year.
A number of brokerages have commented on ESL. ValuEngine cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Canaccord Genuity decreased their price target on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, November 10th. Seaport Global Securities began coverage on Esterline Technologies in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $93.00 price target on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $70.00 price target (down from $100.00) on shares of Esterline Technologies in a research note on Tuesday. Finally, Zacks Investment Research raised Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Esterline Technologies has a consensus rating of “Hold” and a consensus price target of $85.33.
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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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