Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Esterline Technologies (ESL) Stock Price

News articles about Esterline Technologies (NYSE:ESL) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Esterline Technologies earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 45.7265983172923 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several analysts have commented on the stock. Credit Suisse Group reissued a “neutral” rating and set a $70.00 price target (down from $100.00) on shares of Esterline Technologies in a research report on Tuesday, December 12th. Seaport Global Securities assumed coverage on shares of Esterline Technologies in a research report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price target for the company. Canaccord Genuity decreased their price target on shares of Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Zacks Investment Research raised shares of Esterline Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Esterline Technologies in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.33.

Shares of Esterline Technologies (NYSE ESL) traded down $0.90 during trading on Friday, hitting $75.20. 138,297 shares of the company traded hands, compared to its average volume of 346,414. The stock has a market cap of $2,281.81, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.63 and a beta of 1.43. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41. Esterline Technologies has a 52-week low of $68.30 and a 52-week high of $102.70.

Esterline Technologies (NYSE:ESL) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). The company had revenue of $531.50 million during 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 revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 earnings per share. analysts anticipate that Esterline Technologies will post 3.85 EPS for the current year.

In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $91.04, for a total value of $693,815.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Curtis C. Reusser purchased 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $70.00 per share, for a total transaction of $203,000.00. Following the acquisition, the chairman now owns 39,199 shares in the company, valued at approximately $2,743,930. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 6,800 shares of company stock valued at $479,015 and sold 269,911 shares valued at $25,692,702. Company insiders own 1.40% of the company’s stock.

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Esterline Technologies 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.

Insider Buying and Selling by Quarter for Esterline Technologies (NYSE:ESL)

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