L-3 Communications Holdings, Inc. (LLL) Expected to Announce Earnings of $2.02 Per Share
Equities research analysts expect that L-3 Communications Holdings, Inc. (NYSE:LLL) will report earnings per share of $2.02 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for L-3 Communications Holdings’ earnings. The highest EPS estimate is $2.21 and the lowest is $1.91. L-3 Communications Holdings reported earnings of $1.88 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The business is scheduled to report its next quarterly earnings report on Thursday, July 27th.
According to Zacks, analysts expect that L-3 Communications Holdings will report full year earnings of $8.75 per share for the current year, with EPS estimates ranging from $8.70 to $8.95. For the next financial year, analysts forecast that the company will report earnings of $9.50 per share, with EPS estimates ranging from $9.25 to $9.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for L-3 Communications Holdings.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, April 27th. The aerospace company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.26. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.45 billion. L-3 Communications Holdings had a net margin of 5.98% and a return on equity of 13.90%. L-3 Communications Holdings’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $2.08 earnings per share.
Several brokerages recently weighed in on LLL. Barclays PLC downgraded shares of L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $170.00 target price (up from $160.00) on shares of L-3 Communications Holdings in a research note on Saturday, April 29th. Deutsche Bank AG upped their target price on shares of L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research note on Tuesday, February 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $178.00 target price on shares of L-3 Communications Holdings in a research note on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $179.18.
Shares of L-3 Communications Holdings (LLL) traded up 1.59% during trading on Monday, reaching $169.61. 304,257 shares of the company traded hands. The firm’s 50 day moving average price is $166.47 and its 200-day moving average price is $162.80. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 20.68 and a beta of 1.16. L-3 Communications Holdings has a 52 week low of $132.38 and a 52 week high of $179.95.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 19th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, May 17th. L-3 Communications Holdings’s payout ratio is 36.54%.
In other news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $164.89, for a total value of $3,717,774.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 67,641 shares of company stock valued at $11,339,112. Company insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of LLL. Parallel Advisors LLC boosted its position in shares of L-3 Communications Holdings by 4.6% in the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after buying an additional 27 shares during the last quarter. FNY Partners Fund LP bought a new position in shares of L-3 Communications Holdings during the first quarter valued at about $115,000. FNY Managed Accounts LLC bought a new position in shares of L-3 Communications Holdings during the first quarter valued at about $141,000. Heritage Trust Co bought a new position in shares of L-3 Communications Holdings during the first quarter valued at about $165,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in shares of L-3 Communications Holdings during the first quarter valued at about $174,000. Institutional investors and hedge funds own 82.30% of the company’s stock.
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L-3 Communications Holdings Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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