Esterline Technologies is a manufacturing company serving aerospace and defense customers. Co. has three segments: Avionics and Controls, which include avionics systems, control and communication systems, and interface technologies capabilities, as well as providing global positioning systems, head-up displays, vision systems, flight management systems, touchscreen display solutions and secure communication systems: Sensors and Systems, which include power systems, connection technologies and advanced sensors capabilities; and Advanced Materials, which includes materials and defense technologies capabilities, as well as developing and manufacturing clamping and fastening devices. We show 37 historical shares outstanding datapoints in our ESL shares outstanding history coverage, used to compute ESL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ESL market cap history over the course of time is important for investors
interested in comparing ESL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ESL versus a peer is one thing; comparing
ESL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ESL can fluctuate over the course of history.
With this page we aim to empower investors researching ESL by allowing them to research the ESL market cap history. |
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Video: The Importance of Market Cap
