Somewhat Positive Media Coverage Somewhat Unlikely to Affect L3 Technologies (LLL) Share Price
Press coverage about L3 Technologies (NYSE:LLL) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L3 Technologies earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 46.4822961767846 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Deutsche Bank Appointed As Depositary Bank For The Sponsored Level III American Depositary Receipt Program Of Jianpu Technology Inc. (thestreet.com)
- SunTrust Banks, Inc. Begins Coverage on L3 Technologies, Inc. (LLL) (americanbankingnews.com)
- L3 Technologies, Inc. : LLL-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
- L-3 Communications Holdings, Inc. (LLL) PT Set at $202.00 by Royal Bank Of Canada (americanbankingnews.com)
L3 Technologies (NYSE:LLL) traded down $0.80 during midday trading on Monday, reaching $184.39. The company had a trading volume of 345,100 shares, compared to its average volume of 545,985. The firm has a market capitalization of $14,410.00, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.48 and a beta of 1.17. L3 Technologies has a 1-year low of $143.54 and a 1-year high of $192.00. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.
L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. L3 Technologies had a return on equity of 1.85% and a net margin of 0.98%. L3 Technologies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. sell-side analysts anticipate that L3 Technologies will post 8.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.63%. L3 Technologies’s dividend payout ratio (DPR) is currently 41.27%.
Several research analysts have commented on the stock. Cowen and Company restated a “buy” rating and set a $200.00 price objective (up from $190.00) on shares of L3 Technologies in a research report on Tuesday, October 3rd. ValuEngine downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating on shares of L3 Technologies in a research report on Sunday, October 8th. Deutsche Bank AG restated a “buy” rating and set a $205.00 price objective (up from $190.00) on shares of L3 Technologies in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 2nd. Eight equities research 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 stock. The company currently has a consensus rating of “Buy” and an average target price of $197.50.
In other news, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total transaction of $901,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $182.05, for a total transaction of $4,104,681.35. The disclosure for this sale can be found here. Insiders have sold 72,641 shares of company stock worth $13,399,403 in the last ninety days. Insiders own 2.90% of the company’s stock.
L3 Technologies 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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