Technical and Fundamental Insights on Esterline Technologies Corp (NYSE:ESL)

Esterline Technologies Corp (NYSE:ESL) (Trend Analysis) shares were traded with thin volume. The stock closed last trading session at $69.2, up by 1.6%, with a volume of 285,291 shares against an average amount for the last three months of 311,231.

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Esterline Technologies Corp (NYSE:ESL) stock is currently trading 39.42% below its 52-week-high, 53.37% above its 52-week-low. The 1-year stock price history is in the range of $45.12 – $114.22. Esterline Technologies Corp (ESL) has a price to earnings ratio of 50.58 versus Industrial Goods sector average of 36.38. ESL stock price has underperformed the S&P 500 by 17.3%. The Aerospace & Defense company is currently valued at $2.05 billion, and its share price closed the last trading session at $69.2. The stock has a 50-day moving average of $66.04 and a 200-day moving average of $72.2.

Esterline Technologies Corp (ESL) current short interest stands at 0.78 million shares. It has decreased by 20% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.37 million shares, the number of days required to cover the short positions stand at 2.2 days.

ESL is forecasted to report earnings per share of $1.32 and a revenue of $490.74 million for the 3rd Quarter of the fiscal year 2016. Esterline Technologies Corp (ESL) declared last quarter earnings on May 05. The Aerospace & Defense company announced last quarter earnings per share of $0.92 against a consensus Street estimate of $1.01, missing estimate by $0.09. The company posted a revenue of $490.3 million compared to an estimation of $466.1 million.

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There are currently ten analysts that cover Esterline Technologies Corp stock. Of those ten, three have a Buy rating, six have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $74.33.

A recent analyst activity consisted of Goldman Sachs reiterating their Neutral stance on May 9. Goldman Sachs decreased price target from $62 to $61. This corresponds to a 11.85% downside from the last closing price. On the date of report, the stock closed at $68.11.Canaccord Genuity downgraded their Buy rating to Hold on February 5. On the date of report, the stock closed at $53.07.

Another research firm was KeyBanc who downgraded their Overweight rating to Sector Weight on February 5. On the date of report, the stock closed at $53.07.Company snapshot

Esterline Technologies Corporation is worldwide supplier to the aerospace and defense industry. The Company’s core products include technology interface systems for commercial and military aircraft, jet engine sensors and electrical power distribution equipment, high temperature resistant materials, combustible ordinance and electronic warfare countermeasure products.

Technical and Fundamental Insights on Esterline Technologies Corp (NYSE:ESL) was last modified: May 11th, 2016 by Eric Hanson