Esterline Technologies Corporation (ESL) Receives News Sentiment Score of 0.13

Media stories about Esterline Technologies Corporation (NYSE:ESL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Esterline Technologies Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 46.3161119686682 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Esterline Technologies Corporation (NYSE ESL) opened at 83.55 on Friday. The stock has a 50 day moving average of $93.88 and a 200 day moving average of $91.52. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 18.62 and a beta of 1.43. Esterline Technologies Corporation has a 12 month low of $69.55 and a 12 month high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by $0.22. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The company had revenue of $503.80 million for the quarter, compared to analyst estimates of $522.38 million. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts expect that Esterline Technologies Corporation will post $4.65 EPS for the current fiscal year.

Several analysts have recently issued reports on ESL shares. Canaccord Genuity reiterated a “hold” rating and issued a $86.00 target price on shares of Esterline Technologies Corporation in a research report on Thursday, April 20th. Credit Suisse Group reiterated an “outperform” rating and issued a $106.00 target price (up previously from $96.00) on shares of Esterline Technologies Corporation in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Monday, May 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $92.00 target price on shares of Esterline Technologies Corporation in a research report on Thursday, May 18th. Finally, BidaskClub lowered shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $94.17.

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In related news, CFO Robert David George sold 26,700 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total value of $2,495,382.00. Following the sale, the chief financial officer now directly owns 29,960 shares of the company’s stock, valued at approximately $2,800,061.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $96.50, for a total transaction of $749,805.00. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Esterline Technologies Corporation Company Profile

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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