L-3 Communications Holdings, Inc. (NYSE:LLL) – Equities research analysts at Jefferies Group issued their FY2020 earnings per share estimates for shares of L-3 Communications Holdings in a report released on Tuesday. Jefferies Group analyst H. Rubel anticipates that the aerospace company will earn $10.75 per share for the year. Jefferies Group has a “Hold” rating and a $185.00 price target on the stock.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The business’s revenue was up 2.6% on a year-over-year basis.

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A number of other research firms also recently issued reports on LLL. Stifel Nicolaus reaffirmed a “hold” rating and set a $175.00 target price (up from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Cowen and Company reaffirmed a “buy” rating and set a $185.00 target price on shares of L-3 Communications Holdings in a research note on Thursday, July 20th. Royal Bank Of Canada reaffirmed 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. Zacks Investment Research downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $205.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research note on Monday, October 2nd. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. L-3 Communications Holdings presently has an average rating of “Hold” and a consensus price target of $192.50.

L-3 Communications Holdings (NYSE LLL) traded up 0.62% during mid-day trading on Thursday, reaching $188.82. 409,941 shares of the company were exchanged. The company has a market capitalization of $14.77 billion, a price-to-earnings ratio of 21.29 and a beta of 1.15. The company has a 50 day moving average of $185.55 and a 200-day moving average of $173.85. L-3 Communications Holdings has a 1-year low of $132.38 and a 1-year high of $192.00.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is 33.82%.

In related news, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total transaction of $901,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Claude R. Canizares sold 2,981 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total transaction of $541,588.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,622 shares of company stock valued at $13,649,909. 2.90% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC purchased a new position in L-3 Communications Holdings during the 2nd quarter worth $100,000. Parallel Advisors LLC raised its position in L-3 Communications Holdings by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock worth $103,000 after buying an additional 27 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in L-3 Communications Holdings by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after buying an additional 332 shares during the last quarter. FNY Partners Fund LP purchased a new position in L-3 Communications Holdings during the 1st quarter worth $115,000. Finally, FNY Managed Accounts LLC purchased a new position in L-3 Communications Holdings during the 1st quarter worth $141,000. Institutional investors own 79.08% of the company’s stock.

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.

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

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