Esterline Technologies (ESL) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Esterline Technologies (NYSE: ESL) announced its earnings results on Thursday. The company reported $1.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.22 by $0.10, AnalystRatingsNetwork reports. The company had revenue of $499.60 million for the quarter, compared to the consensus estimate of $505.16 million. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Esterline Technologies updated its FY13 guidance to $5.30-5.50 EPS.

A number of research firms have also recently commented on ESL. Analysts at UBS AG raised their price target on shares of Esterline Technologies from $58.00 to $70.00 in a research note to investors on Tuesday, March 5th. They now have a “neutral” rating on the stock. Analysts at Zacks downgraded shares of Esterline Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, March 4th. They now have a $73.80 price target on the stock.

Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $72.83.

Esterline Technologies (NYSE: ESL) traded down 2.59% on Thursday, hitting $73.70. Esterline Technologies has a 52-week low of $51.13 and a 52-week high of $79.63. The stock’s 50-day moving average is currently $75.51. The company has a market cap of $2.284 billion and a price-to-earnings ratio of 20.62.

Esterline Technologies Corporation (NYSE: ESL) is a manufacturing company serving aerospace and defense customers.

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