L-3 Communications Holdings, Inc. (LLL) Expected to Post Earnings of $1.92 Per Share
Equities research analysts predict that L-3 Communications Holdings, Inc. (NYSE:LLL) will report earnings of $1.92 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for L-3 Communications Holdings’ earnings, with the highest EPS estimate coming in at $2.00 and the lowest estimate coming in at $1.78. L-3 Communications Holdings reported earnings of $1.88 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The business is expected to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that L-3 Communications Holdings will report full-year earnings of $8.85 per share for the current year, with EPS estimates ranging from $8.70 to $9.05. For the next financial year, analysts expect that the business will report earnings of $9.55 per share, with EPS estimates ranging from $9.25 to $9.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover L-3 Communications Holdings.
L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. L-3 Communications Holdings’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share.
LLL has been the subject of a number of recent research reports. Cowen and Company reissued a “buy” rating and set a $185.00 price objective on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. ValuEngine raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Drexel Hamilton raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) upgraded shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and lifted their target price for the company from $195.00 to $204.00 in a research note on Monday, August 7th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a research note on Friday, September 1st. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. L-3 Communications Holdings presently has a consensus rating of “Buy” and an average price target of $182.91.
TRADEMARK VIOLATION NOTICE: “L-3 Communications Holdings, Inc. (LLL) Expected to Post Earnings of $1.92 Per Share” was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/10/l-3-communications-holdings-inc-lll-expected-to-post-earnings-of-1-92-per-share.html.
L-3 Communications Holdings (LLL) traded up 0.40% during midday trading on Friday, hitting $182.20. The company’s stock had a trading volume of 270,969 shares. The company’s 50 day moving average price is $179.26 and its 200 day moving average price is $170.65. L-3 Communications Holdings has a 12 month low of $132.38 and a 12 month high of $185.12. The firm has a market cap of $14.25 billion, a P/E ratio of 20.54 and a beta of 1.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is currently 33.82%.
In other L-3 Communications Holdings news, Director Claude R. Canizares sold 2,981 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $169.02, for a total transaction of $3,810,893.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,622 shares of company stock worth $13,269,992. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in LLL. BlackRock Inc. lifted its stake in L-3 Communications Holdings by 3,351.1% in the 1st quarter. BlackRock Inc. now owns 5,420,436 shares of the aerospace company’s stock worth $895,943,000 after purchasing an additional 5,263,373 shares in the last quarter. Alliancebernstein L.P. lifted its stake in L-3 Communications Holdings by 171,452.7% in the 1st quarter. Alliancebernstein L.P. now owns 2,319,392 shares of the aerospace company’s stock worth $383,372,000 after purchasing an additional 2,318,040 shares in the last quarter. Boston Partners lifted its stake in L-3 Communications Holdings by 80.6% in the 2nd quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after purchasing an additional 944,150 shares in the last quarter. Teachers Advisors LLC lifted its stake in L-3 Communications Holdings by 23,683.0% in the 1st quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company’s stock worth $118,522,000 after purchasing an additional 714,042 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in L-3 Communications Holdings by 7,291.5% in the 2nd quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock worth $119,840,000 after purchasing an additional 707,566 shares in the last quarter. Institutional investors and hedge funds own 79.13% of the company’s stock.
About L-3 Communications Holdings
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.