Jefferies Group Weighs in on L-3 Communications Holdings, Inc.’s FY2020 Earnings (LLL)

L-3 Communications Holdings, Inc. (NYSE:LLL) – Jefferies Group issued their FY2020 EPS estimates for shares of L-3 Communications Holdings in a research note issued on Tuesday. Jefferies Group analyst H. Rubel expects that the aerospace company will earn $10.75 per share for the year. Jefferies Group has a “Hold” rating and a $185.00 price objective on the stock.

Other analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and upped their target price for the company from $195.00 to $204.00 in a research report on Monday, August 7th. Cowen and Company reiterated a “buy” rating and set a $190.00 target price on shares of L-3 Communications Holdings in a research report on Monday, August 14th. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine downgraded L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $192.50.

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L-3 Communications Holdings (LLL) traded down 0.67% on Thursday, reaching $187.56. The company’s stock had a trading volume of 407,922 shares. The company has a market cap of $14.67 billion, a P/E ratio of 21.14 and a beta of 1.15. The company has a 50-day moving average price of $185.82 and a 200 day moving average price of $173.96. L-3 Communications Holdings has a 12 month low of $132.38 and a 12 month high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company posted $1.88 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.

The company also recently announced 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 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction 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. Insiders sold 75,622 shares of company stock valued at $13,649,909 over the last three months. Company insiders own 2.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its holdings in shares of L-3 Communications Holdings by 0.3% in the first quarter. Cleararc Capital Inc. now owns 1,755 shares of the aerospace company’s stock worth $290,000 after acquiring an additional 5 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of L-3 Communications Holdings by 0.5% in the second quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 6 shares during the period. Honkamp Krueger Financial Services Inc. boosted its holdings in shares of L-3 Communications Holdings by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock worth $220,000 after acquiring an additional 8 shares during the period. First Allied Advisory Services Inc. boosted its holdings in shares of L-3 Communications Holdings by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock worth $586,000 after acquiring an additional 9 shares during the period. Finally, MAI Capital Management boosted its holdings in shares of L-3 Communications Holdings by 0.8% in the second quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock worth $337,000 after acquiring an additional 15 shares during the period. 79.08% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for L-3 Communications Holdings (NYSE:LLL)

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