Media coverage about L-3 Communications Holdings (NYSE:LLL) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L-3 Communications Holdings earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 45.5328637249153 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- L3 Technologies, Inc. (LLL) Sees 52-Week High – Modern Readers (modernreaders.com)
- L-3 Communications Holdings, Inc. (LLL) Releases FY17 Earnings Guidance (campdesrecrues.com)
- L3 to Present at the Jefferies 2017 Industrials Conference on August 9 (finance.yahoo.com)
- Investor Focus on Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) – Jonesboro Recorder (jonesbororecorder.com)
- L3 Technologies, Inc. (NYSE:LLL) Sees Light Trading Volume with 315K Shares Changing Hands – Modern Readers (modernreaders.com)
L-3 Communications Holdings (LLL) traded up 0.86% during midday trading on Thursday, reaching $183.29. The company’s stock had a trading volume of 1,450,750 shares. The company’s 50-day moving average price is $172.85 and its 200-day moving average price is $167.64. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 20.66 and a beta of 1.15. L-3 Communications Holdings has a 1-year low of $132.38 and a 1-year high of $185.12.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.18. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 EPS. On average, analysts predict that L-3 Communications Holdings will post $8.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.64%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.
L-3 Communications Holdings declared that its Board of Directors has initiated a share buyback program on Tuesday, May 9th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the aerospace company to buy up to 11.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.
LLL has been the subject of several analyst reports. Deutsche Bank AG raised their target price on shares of L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $170.00 price target (up previously from $160.00) on shares of L-3 Communications Holdings in a research note on Saturday, April 29th. Barclays PLC downgraded shares of L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating and set a $178.00 target price on shares of L-3 Communications Holdings in a research report on Friday, June 2nd. Finally, BidaskClub raised shares of L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. L-3 Communications Holdings presently has a consensus rating of “Buy” and a consensus target price of $182.08.
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In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $168.04, for a total transaction of $3,788,797.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 67,641 shares of company stock valued at $11,511,371 in the last quarter. 2.90% of the stock is currently owned by insiders.
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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