$0.74 Earnings Per Share Expected for Esterline Technologies Co. (ESL) This Quarter

Equities research analysts predict that Esterline Technologies Co. (NYSE:ESL) will announce earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Esterline Technologies’ earnings. The lowest EPS estimate is $0.69 and the highest is $0.83. Esterline Technologies reported earnings per share of $1.20 in the same quarter last year, which suggests a negative year-over-year growth rate of 38.3%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Esterline Technologies will report full year earnings of $3.81 per share for the current year, with EPS estimates ranging from $3.75 to $3.85. For the next financial year, analysts anticipate that the firm will post earnings of $4.81 per share, with EPS estimates ranging from $4.40 to $5.02. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Esterline Technologies.

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Esterline Technologies (NYSE:ESL) last posted its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.82 EPS.

Several equities research analysts recently weighed in on ESL shares. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Esterline Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. SunTrust Banks restated a “hold” rating and set a $82.00 target price on shares of Esterline Technologies in a report on Tuesday, January 9th. Jefferies Group restated a “hold” rating and set a $83.00 target price on shares of Esterline Technologies in a report on Monday, January 8th. Finally, Credit Suisse Group restated a “neutral” rating and set a $70.00 target price (down from $100.00) on shares of Esterline Technologies in a report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.25.

ESL stock traded down $1.40 during trading on Monday, hitting $71.75. 241,822 shares of the company traded hands, compared to its average volume of 243,889. The stock has a market capitalization of $2,174.15, a PE ratio of 16.46, a P/E/G ratio of 1.60 and a beta of 1.23. Esterline Technologies has a 1 year low of $67.15 and a 1 year high of $102.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11.

In other Esterline Technologies news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total transaction of $453,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bain Capital Public Equity Management LLC bought a new position in Esterline Technologies during the 4th quarter valued at approximately $3,269,000. Clarius Group LLC raised its position in Esterline Technologies by 5.8% during the 4th quarter. Clarius Group LLC now owns 15,830 shares of the aerospace company’s stock valued at $1,183,000 after purchasing an additional 870 shares during the last quarter. Swiss National Bank raised its position in Esterline Technologies by 3.1% during the 4th quarter. Swiss National Bank now owns 45,900 shares of the aerospace company’s stock valued at $3,429,000 after purchasing an additional 1,400 shares during the last quarter. Crestline Management LP bought a new position in Esterline Technologies during the 4th quarter valued at approximately $1,317,000. Finally, Rice Hall James & Associates LLC raised its position in Esterline Technologies by 20.2% during the 4th quarter. Rice Hall James & Associates LLC now owns 73,725 shares of the aerospace company’s stock valued at $5,507,000 after purchasing an additional 12,381 shares during the last quarter. 94.98% of the stock is owned by institutional investors and hedge funds.

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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.

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

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