L-3 Communications Holdings Inc. (NYSE:LLL) updated its FY16 earnings guidance on Wednesday. The company provided earnings per share guidance of $7.85-7.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.93. The company issued revenue guidance of $10.25-10.35 billion, compared to the consensus revenue estimate of $10.31 billion.

Several research firms have issued reports on LLL. Barclays PLC upgraded shares of L-3 Communications Holdings from an equal weight rating to an overweight rating and boosted their price objective for the stock from $155.00 to $165.00 in a research note on Thursday, November 10th. Robert W. Baird began coverage on shares of L-3 Communications Holdings in a research note on Friday, October 28th. They set an outperform rating and a $184.00 price objective for the company. Vertical Research began coverage on shares of L-3 Communications Holdings in a research note on Friday, October 28th. They set a hold rating for the company. Vertical Group began coverage on shares of L-3 Communications Holdings in a research note on Friday, October 28th. They set a hold rating for the company. Finally, Zacks Investment Research upgraded shares of L-3 Communications Holdings from a hold rating to a buy rating and set a $157.00 price objective for the company in a research note on Monday, October 31st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $161.54.

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

Shares of L-3 Communications Holdings Inc. (NYSE:LLL) opened at 157.77 on Thursday. The firm’s 50 day moving average is $147.01 and its 200-day moving average is $146.90. The firm has a market capitalization of $12.20 billion, a PE ratio of 35.04 and a beta of 1.05. L-3 Communications Holdings Inc. has a one year low of $105.88 and a one year high of $159.66.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.06. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.54 billion. L-3 Communications Holdings had a net margin of 3.43% and a return on equity of 13.90%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. On average, equities research analysts predict that L-3 Communications Holdings Inc. will post $7.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, November 15th. L-3 Communications Holdings’s payout ratio is presently 61.95%.

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Institutional investors have recently modified their holdings of the stock. Profund Advisors LLC raised its position in shares of L-3 Communications Holdings by 1.5% in the third quarter. Profund Advisors LLC now owns 2,264 shares of the company’s stock valued at $341,000 after buying an additional 34 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of L-3 Communications Holdings by 0.7% in the second quarter. Mackenzie Financial Corp now owns 10,491 shares of the company’s stock valued at $1,539,000 after buying an additional 72 shares during the period. Pacer Advisors Inc. increased its position in shares of L-3 Communications Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 1,540 shares of the company’s stock valued at $226,000 after buying an additional 110 shares during the period. Thrivent Financial for Lutherans increased its position in shares of L-3 Communications Holdings by 7.7% in the second quarter. Thrivent Financial for Lutherans now owns 2,456 shares of the company’s stock valued at $361,000 after buying an additional 176 shares during the period. Finally, BOKF NA increased its position in shares of L-3 Communications Holdings by 2.3% in the second quarter. BOKF NA now owns 24,248 shares of the company’s stock valued at $3,557,000 after buying an additional 535 shares during the period. 79.19% of the stock is currently owned by hedge funds and other institutional investors.

About L-3 Communications Holdings

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

5 Day Chart for NYSE:LLL

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