Analysts expect L3 Technologies Inc (NYSE:LLL) to post sales of $2.72 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for L3 Technologies’ earnings, with the lowest sales estimate coming in at $2.69 billion and the highest estimate coming in at $2.73 billion. L3 Technologies reported sales of $2.58 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The business is scheduled to announce its next earnings report on Thursday, July 25th.

On average, analysts expect that L3 Technologies will report full-year sales of $10.95 billion for the current financial year, with estimates ranging from $10.85 billion to $11.08 billion. For the next fiscal year, analysts expect that the business will report sales of $11.59 billion, with estimates ranging from $11.41 billion to $11.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for L3 Technologies.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.52 by $0.37. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company posted $2.34 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year.

Several equities analysts have commented on the company. Barclays increased their price target on L3 Technologies from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. SunTrust Banks upgraded L3 Technologies to a “buy” rating and set a $265.00 price target on the stock in a report on Thursday, May 2nd. Credit Suisse Group increased their price target on L3 Technologies from $232.00 to $258.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, Cowen reiterated a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. L3 Technologies currently has an average rating of “Buy” and a consensus price target of $238.33.

LLL stock traded up $1.11 during midday trading on Friday, hitting $246.76. 643,137 shares of the company traded hands, compared to its average volume of 476,350. L3 Technologies has a twelve month low of $158.76 and a twelve month high of $259.58. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.61 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.38%. L3 Technologies’s payout ratio is 31.63%.

Institutional investors have recently made changes to their positions in the company. Glassman Wealth Services acquired a new stake in shares of L3 Technologies in the first quarter worth $32,000. Investors Research Corp acquired a new stake in shares of L3 Technologies in the first quarter worth $41,000. Thor Advisors LLC acquired a new stake in shares of L3 Technologies in the first quarter worth $41,000. Meridian Wealth Management LLC acquired a new stake in shares of L3 Technologies in the first quarter worth $43,000. Finally, First Interstate Bank acquired a new stake in shares of L3 Technologies in the first quarter worth $43,000. Institutional investors and hedge funds own 82.31% of the company’s stock.

L3 Technologies Company Profile

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

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Earnings History and Estimates for L3 Technologies (NYSE:LLL)

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