L-3 Communications (LLL) Given Daily News Impact Score of 0.19
Press coverage about L-3 Communications (NYSE:LLL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty 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 earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.1560968043918 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- L3 to Webcast Investor Conference (finance.yahoo.com)
- L-3 Communications Holdings, Inc. (LLL) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- L-3 Communications To Present At Credit Suisse Conference; Webcast At 11:15 AM (nasdaq.com)
- L3 Communications lands $45.4M contract with work on Space Coast; to hire local workers (finance.yahoo.com)
- L3 Technologies (LLL) Up 5% Since Earnings Report: Can It Continue? (finance.yahoo.com)
A number of brokerages recently commented on LLL. Goldman Sachs Group upgraded L-3 Communications from a “buy” rating to a “conviction-buy” rating and upped their price objective for the stock from $195.00 to $204.00 in a research note on Monday, August 7th. Cowen restated a “buy” rating and set a $190.00 price objective on shares of L-3 Communications in a research note on Monday, August 14th. Drexel Hamilton upgraded L-3 Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. ValuEngine downgraded L-3 Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Jefferies Group restated a “hold” rating and set a $185.00 price objective (up from $175.00) on shares of L-3 Communications in a research note on Tuesday, October 10th. Eight 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 stock currently has an average rating of “Buy” and a consensus target price of $197.50.
L-3 Communications (NYSE:LLL) last released its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities analysts expect that L-3 Communications will post 8.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $0.75 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.53%. L-3 Communications’s payout ratio is 41.27%.
In other news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.
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L-3 Communications 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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