UBS Raising Estimates on Esterline Tech (ESL); Peers Reflecting Further Aerospace Aftermarket Upside,
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Price: $122.49 --0%
Rating Summary:
1 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 10 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Esterline Tech (NYSE: ESL) price target raised $10 to $65.
UBS analyst says, "Our FY12 EPS estimate moves $0.25 higher to $5.25, reflecting 10% growth from $4.75 on a recurring basis in FY11 after adjusting for Q3 f/x gain and Q4 acquisition-related charges. In FY12, we see $0.50 in incremental EPS primarily driven by aerospace growth ($0.75) and Souriau accretion ($0.40), partially offset by defense downside from declining supplementals ($0.25) and slip in C-130 upgrade programs for Saudi Arabia ($0.25), along with higher tax rate ($0.15)."
"ESL will report its Q1 on March 1 and at $0.58 our EPS estimate is below consensus at $0.63, but above ESL’s Q1 guidance at $0.40-0.50."
For an analyst ratings summary and ratings history on Esterline Tech click here. For more ratings news on Esterline Tech click here.
Shares of Esterline Tech closed at $63.38 yesterday.
UBS analyst says, "Our FY12 EPS estimate moves $0.25 higher to $5.25, reflecting 10% growth from $4.75 on a recurring basis in FY11 after adjusting for Q3 f/x gain and Q4 acquisition-related charges. In FY12, we see $0.50 in incremental EPS primarily driven by aerospace growth ($0.75) and Souriau accretion ($0.40), partially offset by defense downside from declining supplementals ($0.25) and slip in C-130 upgrade programs for Saudi Arabia ($0.25), along with higher tax rate ($0.15)."
"ESL will report its Q1 on March 1 and at $0.58 our EPS estimate is below consensus at $0.63, but above ESL’s Q1 guidance at $0.40-0.50."
For an analyst ratings summary and ratings history on Esterline Tech click here. For more ratings news on Esterline Tech click here.
Shares of Esterline Tech closed at $63.38 yesterday.
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