Analysts expect L-3 Communications Holdings, Inc. (NYSE:LLL) to announce sales of $2.69 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for L-3 Communications Holdings’ earnings. The highest sales estimate is $2.78 billion and the lowest is $2.60 billion. L-3 Communications Holdings posted sales of $2.51 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The firm is scheduled to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that L-3 Communications Holdings will report full year sales of $2.69 billion for the current financial year, with estimates ranging from $10.93 billion to $11.10 billion. For the next year, analysts expect that the company will report sales of $11.30 billion per share, with estimates ranging from $11.16 billion to $11.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for L-3 Communications Holdings.
L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 EPS.
LLL has been the subject of a number of recent research reports. Cowen and Company reissued a “buy” rating and issued a $185.00 target price on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Drexel Hamilton raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their target price for the stock from $195.00 to $204.00 in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $182.00 target price on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $182.91.
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L-3 Communications Holdings (LLL) traded up 0.85% during mid-day trading on Tuesday, reaching $185.65. The company had a trading volume of 726,804 shares. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 20.93 and a beta of 1.15. L-3 Communications Holdings has a 12-month low of $132.38 and a 12-month high of $185.95. The stock has a 50-day moving average of $180.32 and a 200 day moving average of $171.22.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is currently 33.82%.
In related news, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Friday, September 1st. The shares were sold at an average price of $182.05, for a total value of $4,104,681.35. The disclosure for this sale can be found here. Insiders sold 75,622 shares of company stock valued at $13,269,992 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.
A number of large investors have recently bought and sold shares of LLL. Acrospire Investment Management LLC bought a new stake in L-3 Communications Holdings during the second quarter valued at $100,000. Parallel Advisors LLC boosted its stake in L-3 Communications Holdings by 4.6% during the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after buying an additional 27 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in L-3 Communications Holdings by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after buying an additional 332 shares during the period. FNY Partners Fund LP bought a new stake in L-3 Communications Holdings during the first quarter valued at $115,000. Finally, FNY Managed Accounts LLC bought a new stake in L-3 Communications Holdings during the first quarter valued at $141,000. 79.14% 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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