Exelis Inc (XLS) Plans Quarterly Dividend of $0.10
Exelis (NYSE:XLS) declared a quarterly dividend on Tuesday, August 12th, American Banking News.com reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.1033 per share on Wednesday, October 1st. This represents a $0.41 dividend on an annualized basis and a yield of 2.51%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Exelis from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $16.00 price target on the stock. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of Exelis in a research note on Tuesday, August 5th. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, analysts at RBC Capital cut their price target on shares of Exelis from $24.00 to $23.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $20.17.
Exelis (NYSE:XLS) traded down 0.15% during mid-day trading on Tuesday, hitting $16.425. The stock had a trading volume of 324,714 shares. Exelis has a 1-year low of $14.31 and a 1-year high of $21.44. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $18.2. The company has a market cap of $3.093 billion and a P/E ratio of 11.77.
Exelis (NYSE:XLS) last announced its earnings results on Friday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, analysts predict that Exelis will post $1.39 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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