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.

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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.

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Earnings History and Estimates for L-3 Communications Holdings (NYSE:LLL)

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