Esterline Technologies Co. (ESL) Given Average Recommendation of “Hold” by Analysts
Shares of Esterline Technologies Co. (NYSE:ESL) have been given an average rating of “Hold” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $109.82.
A number of research firms recently weighed in on ESL. Canaccord Genuity lifted their price objective on shares of Esterline Technologies from $85.00 to $122.50 and gave the company a “hold” rating in a research note on Wednesday, November 21st. Zacks Investment Research upgraded shares of Esterline Technologies from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Credit Suisse Group upgraded shares of Esterline Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $122.50 in a research report on Thursday, October 11th. Barclays upgraded shares of Esterline Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $76.00 to $123.00 in a research report on Monday, December 3rd. Finally, ValuEngine upgraded shares of Esterline Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 21st.
In other Esterline Technologies news, major shareholder Pacific Advisors Lp First sold 3,422 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $117.34, for a total value of $401,537.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fpa Funds Trust sold 110,935 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $117.52, for a total transaction of $13,037,081.20. The disclosure for this sale can be found here. Insiders sold 233,076 shares of company stock valued at $27,457,271 over the last quarter. 1.30% of the stock is owned by company insiders.
NYSE:ESL opened at $120.92 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.10 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $3.58 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.66 and a beta of 0.45. Esterline Technologies has a 12 month low of $67.15 and a 12 month high of $122.14.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Tuesday, November 20th. The aerospace company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.49. Esterline Technologies had a net margin of 3.45% and a return on equity of 6.85%. The business had revenue of $535.30 million during the quarter, compared to analyst estimates of $534.09 million. During the same period in the previous year, the business earned $1.27 EPS. Esterline Technologies’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Esterline Technologies will post 4.77 EPS for the current year.
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.
Further Reading: Cost of Capital Explained
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