L-3 Communications Holdings, Inc. (LLL) Forecasted to Earn Q1 2018 Earnings of $2.12 Per Share
L-3 Communications Holdings, Inc. (NYSE:LLL) – Equities research analysts at Jefferies Group lowered their Q1 2018 earnings per share estimates for shares of L-3 Communications Holdings in a report released on Tuesday. Jefferies Group analyst H. Rubel now forecasts that the aerospace company will earn $2.12 per share for the quarter, down from their previous estimate of $2.13. Jefferies Group has a “Hold” rating and a $185.00 price objective on the stock. Jefferies Group also issued estimates for L-3 Communications Holdings’ Q2 2018 earnings at $2.24 EPS, Q3 2018 earnings at $2.29 EPS, Q4 2018 earnings at $2.49 EPS, FY2018 earnings at $9.15 EPS and FY2019 earnings at $10.00 EPS.
A number of other analysts have also issued reports on the stock. Bank of America Corporation boosted their target price on shares of L-3 Communications Holdings from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada reissued a “hold” rating on shares of L-3 Communications Holdings in a research note on Sunday. Cowen and Company reissued a “buy” rating and set a $200.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research note on Tuesday, October 3rd. ValuEngine lowered shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $205.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research note on Monday, October 2nd. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $192.50.
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L-3 Communications Holdings (NYSE:LLL) traded up 0.13% during midday trading on Wednesday, hitting $187.82. 8,835 shares of the stock traded hands. L-3 Communications Holdings has a 52-week low of $132.38 and a 52-week high of $192.00. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 21.17 and a beta of 1.15. The firm’s 50-day moving average is $185.35 and its 200-day moving average is $173.76.
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 Thomson Reuters’ consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the company posted $1.88 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new stake in L-3 Communications Holdings in the second quarter worth about $100,000. Parallel Advisors LLC lifted its stake in L-3 Communications Holdings by 4.6% in the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 27 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in L-3 Communications Holdings by 103.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 332 shares during the period. FNY Partners Fund LP purchased a new stake in L-3 Communications Holdings in the first quarter worth about $115,000. Finally, FNY Managed Accounts LLC purchased a new stake in L-3 Communications Holdings in the first quarter worth about $141,000. 79.08% of the stock is owned by institutional investors.
In related news, insider Ralph Dambrosio sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total value of $901,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $173.49, for a total transaction of $3,911,679.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,622 shares of company stock valued at $13,649,909. 2.90% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.
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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