Equities analysts expect L3 Technologies Inc (NYSE:LLL) to report $2.00 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for L3 Technologies’ earnings, with the highest EPS estimate coming in at $2.15 and the lowest estimate coming in at $1.94. L3 Technologies posted earnings per share of $2.07 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.4%. The business is expected to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that L3 Technologies will report full year earnings of $9.55 per share for the current fiscal year, with EPS estimates ranging from $9.50 to $9.65. For the next financial year, analysts forecast that the business will post earnings of $10.68 per share, with EPS estimates ranging from $10.25 to $11.05. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover L3 Technologies.
L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the business posted $2.38 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year.
In related news, insider Dan Azmon sold 1,772 shares of L3 Technologies stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $203.82, for a total transaction of $361,169.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael T. Strianese sold 39,515 shares of L3 Technologies stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $197.04, for a total value of $7,786,035.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 396,922 shares of company stock valued at $82,461,880. 2.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. New Mexico Educational Retirement Board grew its holdings in L3 Technologies by 4.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 7,519 shares of the aerospace company’s stock valued at $1,488,000 after purchasing an additional 300 shares during the period. First Republic Investment Management Inc. grew its holdings in L3 Technologies by 2.7% in the third quarter. First Republic Investment Management Inc. now owns 11,724 shares of the aerospace company’s stock valued at $2,209,000 after purchasing an additional 309 shares during the period. Crossmark Global Holdings Inc. grew its holdings in L3 Technologies by 6.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,353 shares of the aerospace company’s stock valued at $1,059,000 after purchasing an additional 324 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in L3 Technologies by 10.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,514 shares of the aerospace company’s stock valued at $662,000 after purchasing an additional 330 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in L3 Technologies by 5.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,943 shares of the aerospace company’s stock valued at $1,374,000 after purchasing an additional 331 shares during the period. 78.93% of the stock is currently owned by institutional investors.
Shares of L3 Technologies (NYSE:LLL) traded up $3.13 during trading hours on Thursday, hitting $210.40. The stock had a trading volume of 385,938 shares, compared to its average volume of 557,102. L3 Technologies has a 1 year low of $159.43 and a 1 year high of $218.71. The stock has a market capitalization of $16,458.33, a PE ratio of 24.49, a price-to-earnings-growth ratio of 2.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.71 and a current ratio of 1.87.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.80 per share. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.52%. The ex-dividend date is Wednesday, February 28th. L3 Technologies’s dividend payout ratio (DPR) is currently 37.60%.
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L3 Technologies 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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