The stock of Esterline Technologies Corporation (NYSE:ESL) is a huge mover today! About 108,541 shares traded hands. Esterline Technologies Corporation (NYSE:ESL) has risen 27.43% since March 8, 2016 and is uptrending. It has outperformed by 18.11% the S&P500.
The move comes after 6 months negative chart setup for the $2.19B company. It was reported on Oct, 11 by Barchart.com. We have $68.17 PT which if reached, will make NYSE:ESL worth $153.30 million less.
Analysts await Esterline Technologies Corporation (NYSE:ESL) to report earnings on November, 3. ESL’s profit will be $47.21 million for 11.60 P/E if the $1.58 EPS becomes a reality. After $1.38 actual EPS reported by Esterline Technologies Corporation for the previous quarter, Wall Street now forecasts 14.49% EPS growth.
Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage
Out of 9 analysts covering Esterline Techs (NYSE:ESL), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Esterline Techs has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, January 15 by Credit Suisse. Drexel Hamilton downgraded the stock to “Hold” rating in Thursday, February 4 report. The stock has “Outperform” rating given by Credit Suisse on Monday, January 18. The stock has “Buy” rating given by Drexel Hamilton on Monday, August 15. The stock of Esterline Technologies Corporation (NYSE:ESL) earned “” rating by ACI Research on Friday, September 4. Wells Fargo downgraded the shares of ESL in a report on Friday, February 5 to “Market Perform” rating. The firm has “Buy” rating given on Friday, November 20 by Canaccord Genuity. On Friday, February 5 the stock rating was downgraded by Canaccord Genuity to “Hold”. The rating was maintained by Goldman Sachs on Monday, May 9 with “Neutral”. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Friday, February 5.
According to Zacks Investment Research, “Esterline Technologies Corporation is a specialized engineering and manufacturing company principally serving aerospace and defense markets. They design, manufacture and market highly engineered products and systems for application within the industries they serve. Their products are found on most military and commercial aircraft, helicopters, and land-based systems. Their sales are diversified across three broad markets: defense, commercial aerospace, and general industrial.”
Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.40, from 0.76 in 2016Q1. The ratio increased, as 23 funds sold all Esterline Technologies Corporation shares owned while 54 reduced positions. 20 funds bought stakes while 69 increased positions. They now own 25.65 million shares or 1.52% less from 26.05 million shares in 2016Q1.
Clinton Gp, a New York-based fund reported 7,578 shares. Moreover, Hgk Asset Mngmt Inc has 0.05% invested in Esterline Technologies Corporation (NYSE:ESL) for 5,374 shares. Royal Bancorp Of Canada holds 45,027 shares or 0% of its portfolio. Deutsche State Bank Ag reported 27,396 shares or 0% of all its holdings. Principal Fincl Grp Incorporated has 0.01% invested in the company for 110,971 shares. Blackrock Advsr Lc has 14,090 shares for 0% of their US portfolio. The Pennsylvania-based Nationwide Fund Advisors has invested 0.03% in Esterline Technologies Corporation (NYSE:ESL). Ahl Llp has 0.01% invested in the company for 3,704 shares. Blackrock Institutional Trust Co Na has invested 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Grantham Mayo Van Otterloo And Llc has 0.07% invested in the company for 276,421 shares. Delta Asset Mgmt Lc Tn has 18 shares for 0% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% of its portfolio in Esterline Technologies Corporation (NYSE:ESL). Retirement Of Alabama last reported 37,865 shares in the company. Barclays Public Limited Co has 20,144 shares for 0% of their US portfolio. Wfg Ltd Partnership holds 20 shares or 0% of its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 2 sales for $1.90 million net activity. Another trade for 20,800 shares valued at $1.39 million was made by GEORGE ROBERT DAVID on Tuesday, May 31. YOST ALBERT S sold $824,256 worth of Esterline Technologies Corporation (NYSE:ESL) on Friday, August 26. On Tuesday, August 2 the insider First Pacific Advisors – LLC bought $319,495.
More notable recent Esterline Technologies Corporation (NYSE:ESL) news were published by: Equitiesfocus.com which released: “Esterline Technologies Corporation (NYSE:ESL) PEG Ratio At 1.48” on October 11, 2016, also Fool.com with their article: “Shares of Esterline Technologies Corp. Are Being Crushed After Investigation …” published on February 05, 2016, Prnewswire.com published: “Esterline Technologies Corporation and United Technologies Announce Long-Term …” on June 16, 2015. More interesting news about Esterline Technologies Corporation (NYSE:ESL) were released by: Benzinga.com and their article: “Drexel Now Sees Esterline Technologies As A Margin Recovery Story, Upgrades To Buy” published on August 15, 2016 as well as Barrons.com‘s news article titled: “Cubic Corp. and Esterline Are Both Poised to Rebound” with publication date: February 13, 2016.
ESL Company Profile
Esterline Technologies Corporation, incorporated on August 22, 1967, is a specialized manufacturing company. The Firm designs, makes and markets engineered products and systems for application within the industries it serves. The Firm operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Firm serves the aerospace and defense industry, primarily in the United States and Europe. The Firm also serves the industrial/commercial and medical markets.
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