Esterline Technologies Corp. Stock Rating Upgraded by Zacks (ESL)

Esterline Technologies Corp. (NYSE:ESL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings reports. The firm currently has a $77.30 target price on the stock. Zacks‘ price objective suggests a potential downside of 5.08% from the stock’s previous close.

Shares of Esterline Technologies Corp. (NYSE:ESL) traded up 3.92% during mid-day trading on Tuesday, hitting $84.63. Esterline Technologies Corp. has a one year low of $51.13 and a one year high of $83.87. The stock’s 50-day moving average is currently $76.48. The company has a market cap of $2.647 billion and a P/E ratio of 24.36.

Esterline Technologies Corp. (NYSE:ESL) last released its earnings data on Thursday, May 30th. The company reported $1.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.22 by $0.10. The company had revenue of $499.60 million for the quarter, compared to the consensus estimate of $507.07 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. On average, analysts predict that Esterline Technologies Corp. will post $5.31 earnings per share for the current fiscal year.

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

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