L-3 Communications Holdings (LLL) Scheduled to Post Earnings on Thursday
L-3 Communications Holdings (NYSE:LLL) will post its Q214 quarterly earnings results on Thursday, July 31st. Analysts expect L-3 Communications Holdings to post earnings of $2.02 per share and revenue of $2.99 billion for the quarter. L-3 Communications Holdings has set its FY14 guidance at $8.20-8.40 EPS.
L-3 Communications Holdings (NYSE:LLL) last released its earnings data on Thursday, May 1st. The company reported $2.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.97 by $0.04. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts expect L-3 Communications Holdings to post $8.42 EPS for the current fiscal year and $8.92 EPS for the next fiscal year.
Shares of L-3 Communications Holdings (NYSE:LLL) traded up 0.02% during mid-day trading on Wednesday, hitting $119.30. 531,929 shares of the company’s stock traded hands. L-3 Communications Holdings has a 52 week low of $90.07 and a 52 week high of $127.27. The stock’s 50-day moving average is $121.9 and its 200-day moving average is $116.6. The company has a market cap of $10.287 billion and a price-to-earnings ratio of 14.13.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 14th.
A number of research firms have recently commented on LLL. Analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note on Friday, July 11th. They now have a $125.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of L-3 Communications Holdings in a research note on Wednesday, July 9th. They now have a $131.00 price target on the stock, up previously from $130.00. Finally, analysts at Credit Suisse upgraded shares of L-3 Communications Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $145.00 price target on the stock, up previously from $122.00. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. L-3 Communications Holdings presently has an average rating of “Buy” and a consensus price target of $129.40.
L-3 Communications Holdings, Inc is a prime contractor in aerospace systems and national security solutions.
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