L3 Technologies Inc (LLL) Declares Quarterly Dividend of $0.80

L3 Technologies Inc (NYSE:LLL) declared a quarterly dividend on Monday, February 12th, RTT News reports. Investors of record on Thursday, March 1st will be given a dividend of 0.80 per share by the aerospace company on Thursday, March 15th. This represents a $3.20 dividend on an annualized basis and a yield of 1.57%. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75.

L3 Technologies has raised its dividend by an average of 7.7% per year over the last three years and has raised its dividend every year for the last 14 years. L3 Technologies has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect L3 Technologies to earn $10.68 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 28.1%.

L3 Technologies (NYSE LLL) traded up $1.93 during trading hours on Monday, reaching $204.44. The company had a trading volume of 587,614 shares, compared to its average volume of 754,882. The firm has a market capitalization of $15,970.00, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.57 and a beta of 1.26. L3 Technologies has a 1 year low of $159.43 and a 1 year high of $218.71. The company has a current ratio of 1.89, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65.

L3 Technologies (NYSE:LLL) last released its earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. L3 Technologies’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.38 earnings per share. equities analysts anticipate that L3 Technologies will post 9.55 earnings per share for the current fiscal year.

A number of research firms recently issued reports on LLL. Cowen reaffirmed a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a report on Friday, January 26th. SunTrust Banks lifted their target price on L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Wednesday, January 24th. Finally, Bank of America raised L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, January 17th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $215.30.

In related news, insider Michael T. Strianese sold 22,545 shares of L3 Technologies stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 259,635 shares of company stock worth $53,575,810 in the last three months. 2.90% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/12/l3-technologies-inc-lll-declares-quarterly-dividend-of-0-80.html.

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.

Dividend History for L3 Technologies (NYSE:LLL)

Receive News & Ratings for L3 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply