L-3 Communications Holdings, Inc. (NYSE:LLL) – Investment analysts at Jefferies Group reduced their Q1 2018 earnings per share estimates for shares of L-3 Communications Holdings in a note issued to investors on Tuesday. Jefferies Group analyst H. Rubel now anticipates that the aerospace company will post earnings of $2.12 per share for the quarter, down from their prior estimate of $2.13. Jefferies Group has a “Hold” rating and a $185.00 price objective on the stock. Jefferies Group also issued estimates for L-3 Communications Holdings’ Q2 2018 earnings at $2.24 EPS, Q3 2018 earnings at $2.29 EPS, Q4 2018 earnings at $2.49 EPS, FY2018 earnings at $9.15 EPS and FY2019 earnings at $10.00 EPS.
A number of other equities analysts also recently commented on LLL. Cowen and Company reaffirmed a “buy” rating and set a $200.00 price objective (up from $190.00) on shares of L-3 Communications Holdings in a report on Tuesday, October 3rd. Bank of America Corporation raised their price objective on shares of L-3 Communications Holdings from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday. Drexel Hamilton raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and increased their target price for the stock from $195.00 to $204.00 in a research report on Monday, August 7th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $192.50.
Shares of L-3 Communications Holdings (NYSE:LLL) traded down 0.3158% during midday trading on Wednesday, hitting $188.2238. 125,317 shares of the company were exchanged. The stock’s 50-day moving average is $185.82 and its 200-day moving average is $173.96. The stock has a market cap of $14.72 billion, a PE ratio of 21.2179 and a beta of 1.15. L-3 Communications Holdings has a one year low of $132.38 and a one year high of $192.00.
L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is presently 33.82%.
In other L-3 Communications Holdings news, Director Claude R. Canizares sold 2,981 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $173.49, for a total transaction of $3,911,679.03. The disclosure for this sale can be found here. Insiders sold a total of 75,622 shares of company stock valued at $13,649,909 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fulton Bank N.A. acquired a new stake in L-3 Communications Holdings in the 3rd quarter valued at about $202,000. Intl Fcstone Inc. acquired a new stake in L-3 Communications Holdings in the 2nd quarter valued at about $974,000. Sentry Investment Management LLC increased its position in L-3 Communications Holdings by 67.3% in the 2nd quarter. Sentry Investment Management LLC now owns 6,168 shares of the aerospace company’s stock valued at $1,031,000 after acquiring an additional 2,482 shares in the last quarter. Toronto Dominion Bank increased its position in L-3 Communications Holdings by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 26,379 shares of the aerospace company’s stock valued at $4,407,000 after acquiring an additional 5,389 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in L-3 Communications Holdings in the 2nd quarter valued at about $673,000. Hedge funds and other 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.
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