News coverage about Esterline Technologies Corporation (NYSE:ESL) has been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Esterline Technologies Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 90 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- IHS Markit Score Update: Drop in demand for ETFs holding Esterline Technologies Corp is a negative sign for its shares (finance.yahoo.com)
- Esterline Technologies Corporation (NYSE:ESL) Receives Hold Rating from Jefferies Group LLC (americanbankingnews.com)
- Financial Comparison: Esterline Technologies Corporation (ESL) versus Raytheon (RTN) (americanbankingnews.com)
- $546.87 Million in Sales Expected for Esterline Technologies Corporation (NYSE:ESL) This Quarter (americanbankingnews.com)
- Esterline Technologies Corp. breached its 50 day moving average in a Bearish Manner : ESL-US : August 7, 2017 (finance.yahoo.com)
A number of research firms have recently weighed in on ESL. Goldman Sachs Group, Inc. (The) lowered shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $86.00 to $75.00 in a research note on Thursday. Jefferies Group LLC restated a “hold” rating and set a $90.00 price target (down previously from $92.00) on shares of Esterline Technologies Corporation in a research report on Wednesday. Canaccord Genuity raised their price target on shares of Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group lowered shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $106.00 to $100.00 in a research report on Friday, August 4th. Finally, BidaskClub raised shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $93.00.
Shares of Esterline Technologies Corporation (NYSE ESL) traded down 0.29% during midday trading on Friday, hitting $86.00. 173,037 shares of the company’s stock were exchanged. The firm has a market cap of $2.58 billion, a PE ratio of 19.16 and a beta of 1.43. Esterline Technologies Corporation has a one year low of $69.85 and a one year high of $102.70. The stock’s 50-day moving average price is $94.97 and its 200 day moving average price is $91.57.
Esterline Technologies Corporation (NYSE:ESL) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by $0.22. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The firm had revenue of $503.80 million for the quarter, compared to analyst estimates of $522.38 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities research analysts forecast that Esterline Technologies Corporation will post $4.65 EPS for the current year.
In other news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total transaction of $749,805.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert David George sold 26,700 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $93.46, for a total value of $2,495,382.00. Following the completion of the sale, the chief financial officer now owns 29,960 shares of the company’s stock, valued at $2,800,061.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,170 shares of company stock worth $3,865,674. 1.40% of the stock is currently owned by company insiders.
About Esterline Technologies Corporation
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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