Analysts expect that L-3 Communications Holdings, Inc. (NYSE:LLL) will post $2.03 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for L-3 Communications Holdings’ earnings. The lowest EPS estimate is $1.98 and the highest is $2.21. L-3 Communications Holdings posted earnings of $1.88 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is expected to report its next earnings report on Thursday, July 27th.
On average, analysts expect that L-3 Communications Holdings will report full-year earnings of $8.77 per share for the current financial year, with EPS estimates ranging from $8.70 to $8.95. For the next financial year, analysts forecast that the business will post earnings of $9.50 per share, with EPS estimates ranging from $9.25 to $9.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover L-3 Communications Holdings.
L-3 Communications Holdings (NYSE:LLL) last posted its earnings results on Thursday, April 27th. The aerospace company reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.26. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 5.98%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company earned $2.08 EPS. L-3 Communications Holdings’s revenue was up 13.4% on a year-over-year basis.
LLL has been the topic of a number of recent research reports. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $187.00 price objective on the stock in a research note on Wednesday, March 29th. Royal Bank Of Canada restated a “hold” rating and set a $159.00 price objective on shares of L-3 Communications Holdings in a research note on Friday, March 24th. Jefferies Group LLC restated a “hold” rating and set a $170.00 price objective (up previously from $160.00) on shares of L-3 Communications Holdings in a research note on Saturday, April 29th. Deutsche Bank AG boosted their price objective on L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Barclays PLC cut L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $179.18.
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L-3 Communications Holdings (NYSE LLL) traded down 1.22% during trading on Thursday, reaching $169.88. The company had a trading volume of 391,103 shares. The company has a market capitalization of $13.23 billion, a P/E ratio of 20.72 and a beta of 1.14. L-3 Communications Holdings has a 12 month low of $132.38 and a 12 month high of $179.95. The firm’s 50 day moving average is $166.31 and its 200-day moving average is $163.43.
L-3 Communications Holdings announced that its Board of Directors has initiated a stock buyback plan on Tuesday, May 9th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the aerospace company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred 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 legal filing with the SEC, which is available at this hyperlink. Insiders have sold 67,641 shares of company stock worth $11,432,231 in the last 90 days. 2.90% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Creative Planning bought a new position in L-3 Communications Holdings during the first quarter valued at approximately $559,000. Raymond James Trust N.A. raised its position in L-3 Communications Holdings by 20.6% in the first quarter. Raymond James Trust N.A. now owns 3,278 shares of the aerospace company’s stock valued at $542,000 after buying an additional 559 shares during the period. Contravisory Investment Management Inc. bought a new position in L-3 Communications Holdings during the first quarter valued at approximately $264,000. Catawba Capital Management VA raised its position in L-3 Communications Holdings by 1.7% in the first quarter. Catawba Capital Management VA now owns 17,585 shares of the aerospace company’s stock valued at $2,907,000 after buying an additional 290 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its position in L-3 Communications Holdings by 5.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,788 shares of the aerospace company’s stock valued at $11,370,000 after buying an additional 3,623 shares during the period. 81.86% of the stock is owned by institutional investors.
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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