Analysts expect Esterline Technologies Co. (NYSE:ESL) to post $0.74 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Esterline Technologies’ earnings, with estimates ranging from $0.69 to $0.83. Esterline Technologies reported earnings per share of $1.20 during the same quarter last year, which would indicate a negative year-over-year growth rate of 38.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Esterline Technologies will report full year earnings of $3.81 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $3.85. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.81 per share, with EPS estimates ranging from $4.40 to $5.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Esterline Technologies.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The company had revenue of $482.30 million during the quarter, compared to the consensus estimate of $459.38 million. During the same period last year, the company earned $0.82 EPS. Esterline Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis.
In other news, Director Delores M. Etter purchased 1,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of $72.13 per share, for a total transaction of $72,130.00. Following the purchase, the director now directly owns 13,627 shares in the company, valued at approximately $982,915.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total value of $453,780.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ESL. LSV Asset Management purchased a new position in shares of Esterline Technologies during the 4th quarter valued at about $112,000. Dowling & Yahnke LLC purchased a new position in shares of Esterline Technologies during the 4th quarter valued at about $217,000. Crossmark Global Holdings Inc. purchased a new position in shares of Esterline Technologies during the 3rd quarter valued at about $300,000. Quantbot Technologies LP purchased a new position in shares of Esterline Technologies during the 3rd quarter valued at about $307,000. Finally, ING Groep NV lifted its position in shares of Esterline Technologies by 23.2% during the 4th quarter. ING Groep NV now owns 3,981 shares of the aerospace company’s stock valued at $297,000 after buying an additional 750 shares in the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.
Esterline Technologies (ESL) traded down $0.90 during midday trading on Friday, reaching $74.75. The company had a trading volume of 181,148 shares, compared to its average volume of 248,431. Esterline Technologies has a 52 week low of $67.15 and a 52 week high of $102.70. The company has a market cap of $2,245.48, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11.
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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