Wall Street analysts expect L-3 Communications Holdings, Inc. (NYSE:LLL) to post $2.55 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for L-3 Communications’ earnings. The highest sales estimate is $2.60 billion and the lowest is $2.53 billion. L-3 Communications posted sales of $2.99 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.7%. The business is expected to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that L-3 Communications will report full year sales of $2.55 billion for the current financial year, with estimates ranging from $9.50 billion to $10.59 billion. For the next year, analysts anticipate that the company will post sales of $9.99 billion per share, with estimates ranging from $9.95 billion to $10.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for L-3 Communications.

L-3 Communications (NYSE:LLL) last issued its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the business earned $1.88 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year.

Several brokerages have weighed in on LLL. ValuEngine cut L-3 Communications from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $215.00 target price on shares of L-3 Communications in a report on Wednesday, December 6th. Cowen reiterated a “buy” rating and issued a $200.00 target price (up from $190.00) on shares of L-3 Communications in a report on Tuesday, October 3rd. Deutsche Bank reiterated a “buy” rating and issued a $205.00 target price (up from $190.00) on shares of L-3 Communications in a report on Monday, October 2nd. Finally, Jefferies Group reiterated a “hold” rating and issued a $185.00 target price (up from $175.00) on shares of L-3 Communications in a report on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $198.36.

In related news, insider Michael T. Strianese sold 22,545 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $196.26, for a total transaction of $4,424,681.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 67,639 shares of company stock valued at $12,818,253 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in LLL. Ameriprise Financial Inc. raised its stake in L-3 Communications by 221.3% in the third quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock valued at $214,322,000 after buying an additional 783,446 shares during the last quarter. Janus Henderson Group PLC raised its stake in L-3 Communications by 7,291.5% in the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock valued at $119,840,000 after buying an additional 707,566 shares during the last quarter. Vanguard Group Inc. raised its stake in L-3 Communications by 5.3% in the second quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock valued at $1,429,586,000 after buying an additional 431,776 shares during the last quarter. Victory Capital Management Inc. raised its stake in L-3 Communications by 2,744.3% in the third quarter. Victory Capital Management Inc. now owns 338,645 shares of the aerospace company’s stock valued at $63,811,000 after buying an additional 326,739 shares during the last quarter. Finally, BlackRock Inc. raised its stake in L-3 Communications by 5.8% in the second quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after buying an additional 313,761 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Shares of L-3 Communications (LLL) opened at $192.41 on Friday. L-3 Communications has a 1-year low of $143.54 and a 1-year high of $199.97. The firm has a market capitalization of $15,130.00, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 3.42 and a beta of 1.19. 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 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications’s dividend payout ratio (DPR) is currently 41.27%.

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About L-3 Communications

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 (NYSE:LLL)

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