SunTrust Banks Weighs in on L3 Technologies, Inc.’s FY2017 Earnings (LLL)
L3 Technologies, Inc. (NYSE:LLL) – Analysts at SunTrust Banks issued their FY2017 earnings estimates for L3 Technologies in a note issued to investors on Monday. SunTrust Banks analyst M. Ciarmoli expects that the aerospace company will post earnings of $8.90 per share for the year. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for L3 Technologies’ Q4 2017 earnings at $2.34 EPS, Q1 2018 earnings at $2.05 EPS, Q2 2018 earnings at $2.22 EPS, Q3 2018 earnings at $2.20 EPS, Q4 2018 earnings at $2.59 EPS, FY2018 earnings at $9.06 EPS and FY2019 earnings at $10.20 EPS.
L3 Technologies (NYSE:LLL) last released its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. L3 Technologies had a return on equity of 1.85% and a net margin of 0.98%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis.
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L3 Technologies (NYSE:LLL) opened at $189.22 on Tuesday. L3 Technologies has a 12-month low of $143.54 and a 12-month high of $192.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The stock has a market capitalization of $14,410.00, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.48 and a beta of 1.17.
Several institutional investors have recently bought and sold shares of LLL. Fox Run Management L.L.C. acquired a new position in shares of L3 Technologies in the second quarter worth approximately $200,000. Bank of Montreal Can lifted its stake in L3 Technologies by 32.2% in the second quarter. Bank of Montreal Can now owns 22,594 shares of the aerospace company’s stock valued at $3,776,000 after buying an additional 5,498 shares during the period. Creative Planning lifted its stake in L3 Technologies by 6.0% in the second quarter. Creative Planning now owns 3,583 shares of the aerospace company’s stock valued at $599,000 after buying an additional 203 shares during the period. LS Investment Advisors LLC lifted its stake in L3 Technologies by 6.5% in the second quarter. LS Investment Advisors LLC now owns 2,443 shares of the aerospace company’s stock valued at $408,000 after buying an additional 150 shares during the period. Finally, Aperio Group LLC lifted its stake in L3 Technologies by 10.3% in the second quarter. Aperio Group LLC now owns 26,353 shares of the aerospace company’s stock valued at $4,403,000 after buying an additional 2,467 shares during the period. 77.77% of the stock is currently owned by institutional investors.
In related news, insider Michael T. Strianese sold 22,547 shares of L3 Technologies stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.05, for a total value of $4,104,681.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ralph Dambrosio sold 5,000 shares of L3 Technologies stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,641 shares of company stock worth $13,399,403. 2.90% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Thursday, November 16th. L3 Technologies’s dividend payout ratio is currently 41.27%.
About L3 Technologies
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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