Esterline Technologies Corporation (ESL) is Upgraded by Drexel Hamilton to Buy

Esterline Technologies Corporation (ESL) was Upgraded by Drexel Hamilton to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Drexel Hamilton advised their investors in a research report released on Aug 15, 2016.

On the company’s financial health, Esterline Technologies Corporation reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.28. The company had revenue of $517.10 million for the quarter, compared to analysts expectations of $491.28 million. The company’s revenue was up 6.7% compared to the same quarter last year.

Esterline Technologies Corporation closed down -0.18 points or -0.25% at $70.55 with 2,23,790 shares getting traded on Friday. Post opening the session at $70.58, the shares hit an intraday low of $69.55 and an intraday high of $70.79 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 2, 2016, Robert David George (VP,CFO, Corporate Development) sold 20,800 shares at $67.07 per share price. According to the SEC, on Jun 22, 2015, James J Morris (director) purchased 1,000 shares at $93.14 per share price. On Jan 15, 2015, Albert S Yost (Pres-Adv Mat’ls & Treasurer) sold 7,600 shares at $108.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition its products are supplied to regional and business jet manufacturers and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls Sensors & Systems and Advanced Materials.

Esterline Technologies Corporation

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