L-3 Communications Holdings (LLL) Earning Somewhat Favorable News Coverage, Report Shows
Media coverage about L-3 Communications Holdings (NYSE:LLL) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 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. L-3 Communications Holdings earned a news impact score of 0.19 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 44.7500567427789 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Military Communications Market 2017: Software Study, Demand, Differentiation & Applications (sbwire.com)
- L-3 Communications Holdings, Inc. (LLL) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Baird’s Top Defense and Aerospace Picks for the Rest of 2017 and 2018 – 24/7 Wall St. (247wallst.com)
- L3 Acquires Doss Aviation, Inc. (finance.yahoo.com)
- [$$] J.F. Lehman Sells Doss Aviation to Publicly Traded L3 Technologies (finance.yahoo.com)
LLL has been the subject of a number of recent analyst 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. Royal Bank Of Canada reissued a “hold” rating and issued a $178.00 target price on shares of L-3 Communications Holdings in a research report on Friday, June 2nd. BidaskClub raised L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $175.00 target price (up previously from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. L-3 Communications Holdings presently has an average rating of “Buy” and a consensus target price of $182.91.
L-3 Communications Holdings (NYSE:LLL) opened at 185.65 on Friday. L-3 Communications Holdings has a 52 week low of $132.38 and a 52 week high of $185.95. The company has a market capitalization of $14.52 billion, a P/E ratio of 20.93 and a beta of 1.15. The company’s 50 day moving average price is $180.32 and its 200-day moving average price is $171.22.
L-3 Communications Holdings (NYSE:LLL) last posted its earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.03 by $0.18. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. L-3 Communications Holdings’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. Equities research analysts expect that L-3 Communications Holdings will post $8.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio (DPR) is 33.82%.
In related news, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction dated 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 SEC, which can be accessed through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was 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. Over the last ninety days, insiders have sold 75,622 shares of company stock worth $13,269,992. 2.90% of the stock is owned by corporate insiders.
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About L-3 Communications Holdings
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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