SunTrust Banks reissued their hold rating on shares of Esterline Technologies (NYSE:ESL) in a report released on Tuesday morning. SunTrust Banks currently has a $82.00 target price on the aerospace company’s stock. SunTrust Banks also issued estimates for Esterline Technologies’ FY2018 earnings at $4.04 EPS and FY2019 earnings at $5.50 EPS.

A number of other brokerages have also recently commented on ESL. ValuEngine cut shares of Esterline Technologies from a buy rating to a hold rating in a research report on Thursday, November 9th. Canaccord Genuity decreased their target price on shares of Esterline Technologies from $92.00 to $90.00 and set a hold rating on the stock in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Esterline Technologies from a strong sell rating to a hold rating in a research report on Wednesday, October 11th. Jefferies Group reiterated a hold rating and issued a $83.00 target price on shares of Esterline Technologies in a research report on Monday. Finally, Drexel Hamilton cut shares of Esterline Technologies from a buy rating to a hold rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Esterline Technologies currently has a consensus rating of Hold and a consensus target price of $80.17.

Esterline Technologies (ESL) traded down $1.80 during trading on Tuesday, hitting $76.25. 257,400 shares of the stock traded hands, compared to its average volume of 242,417. 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 stock has a market cap of $2,270.00, a PE ratio of 18.37, a P/E/G ratio of 1.61 and a beta of 1.43. Esterline Technologies has a 12-month low of $68.30 and a 12-month high of $102.70.

Esterline Technologies (NYSE:ESL) last posted its quarterly earnings data 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). The company had revenue of $531.50 million for the quarter, compared to analysts’ expectations of $540.55 million. Esterline Technologies had a net margin of 5.86% and a return on equity of 7.68%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. equities research analysts forecast that Esterline Technologies will post 3.85 EPS for the current year.

In other Esterline Technologies news, major shareholder J Richard Atwood sold 48,225 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $95.11, for a total value of $4,586,679.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nils Larsen acquired 1,450 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of $70.51 per share, for a total transaction of $102,239.50. Following the transaction, the director now directly owns 2,690 shares of the company’s stock, valued at approximately $189,671.90. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,800 shares of company stock worth $479,015 and sold 268,290 shares worth $25,452,666. 1.30% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ESL. PNC Financial Services Group Inc. increased its position in shares of Esterline Technologies by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Esterline Technologies by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after acquiring an additional 120 shares during the period. Flinton Capital Management LLC increased its position in shares of Esterline Technologies by 57.4% in the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 496 shares during the period. Pacad Investment Ltd. increased its position in shares of Esterline Technologies by 100.0% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock valued at $171,000 after acquiring an additional 900 shares during the period. Finally, Riverhead Capital Management LLC increased its position in shares of Esterline Technologies by 61.8% in the second quarter. Riverhead Capital Management LLC now owns 2,265 shares of the aerospace company’s stock valued at $215,000 after acquiring an additional 865 shares during the period. Hedge funds and other institutional investors own 92.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.watchlistnews.com/esterline-technologies-esl-receives-hold-rating-from-suntrust-banks/1801691.html.

About Esterline Technologies

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.

Analyst Recommendations for Esterline Technologies (NYSE:ESL)

Receive News & Ratings for Esterline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies and related companies with Analyst Ratings Network's FREE daily email newsletter.