Exelis Inc. Plans Quarterly Dividend of $0.10 (XLS)
Exelis (NYSE:XLS) declared a quarterly dividend on Wednesday, October 9th, AnalystRatings.NET reports. Shareholders of record on Friday, November 15th will be given a dividend of $0.1033 per share on Thursday, January 2nd. This represents a $0.41 dividend on an annualized basis and a yield of 2.69%.
Several analysts have recently commented on the stock. Analysts at RBC Capital upgraded shares of Exelis from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. They now have a $15.00 price target on the stock, down previously from $18.00. On the ratings front, analysts at Credit Suisse raised their price target on shares of Exelis from $10.00 to $11.00 in a research note to investors on Wednesday, August 7th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Exelis from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $17.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.60.
Exelis (NYSE:XLS) traded down 1.30% on Wednesday, hitting $15.16. The stock had a trading volume of 573,360 shares. Exelis has a one year low of $10.08 and a one year high of $16.15. The stock’s 50-day moving average is $15. and its 200-day moving average is $13.41. The company has a market cap of $2.855 billion and a price-to-earnings ratio of 9.85.
Exelis (NYSE:XLS) last released its earnings data on Friday, August 2nd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts predict that Exelis will post $1.52 earnings per share for the current fiscal year.
Exelis Inc (NYSE:XLS) is engaged in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) related products and systems and information and technical services, which the Company supplies to military, government and commercial customers in the United States and globally.
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