D.A. Davidson Sees Transition Sill In Full Swing For Esterline Technologies

In a report published Tuesday, D.A. Davidson analyst JB Groh reiterated a Neutral rating and $110.00 price target on

. In the report, D.A. Davidson noted, "Esterline will report FQ1 earnings on Thursday, March 5th, after the market closes. Management will host a conference call at 5:00 pm ET that day to discuss results. We are modeling EPS of $1.36, above the Street mean of $1.31. We expect revenue growth of ~4% year-over-year to $527 million, above the $510 million Street mean. We have assumed an overall operating margin of 12.0%, which equates to a 190bp increase from Q1 last year, but a 120bp decline sequentially." Esterline Technologies closed on Monday at $119.45.