Headlines about L3 Technologies (NYSE:LLL) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L3 Technologies earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 45.2853867681001 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Thomas A. Corcoran Sells 1,546 Shares of L3 Technologies Inc (LLL) Stock (americanbankingnews.com)
- Sales Workshops; Reports on Nonbank Lending; Amazon Mortgage? (mortgagenewsdaily.com)
- L3 Technologies (LLL) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Michael T. Strianese Sells 39,515 Shares of L3 Technologies Inc (LLL) Stock (americanbankingnews.com)
Several equities analysts recently commented on the company. Cowen restated a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a research report on Friday, January 26th. SunTrust Banks boosted their target price on L3 Technologies to $253.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, January 24th. Finally, Bank of America upgraded L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. L3 Technologies has a consensus rating of “Buy” and a consensus price target of $215.30.
L3 Technologies (NYSE:LLL) last posted its quarterly earnings data 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. 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 in the prior year, the business earned $2.38 EPS. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. research analysts expect that L3 Technologies will post 9.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.80 dividend. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, February 28th. L3 Technologies’s dividend payout ratio is presently 37.60%.
In other news, Director Thomas A. Corcoran sold 1,546 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $207.40, for a total value of $320,640.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $202.35, for a total value of $7,995,860.25. The disclosure for this sale can be found here. Insiders sold a total of 437,983 shares of company stock valued at $90,904,038 over the last quarter. Company insiders own 2.90% of the company’s stock.
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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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