L3 Technologies, Inc. (NYSE:LLL) – Equities research analysts at SunTrust Banks issued their FY2017 EPS estimates for L3 Technologies in a research note issued on Monday. SunTrust Banks analyst M. Ciarmoli expects that the aerospace company will post earnings per share of $8.90 for the year. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for L3 Technologies’ Q4 2017 earnings at $2.34 EPS, Q1 2018 earnings at $2.05 EPS, Q2 2018 earnings at $2.22 EPS, Q3 2018 earnings at $2.20 EPS, Q4 2018 earnings at $2.59 EPS, FY2018 earnings at $9.06 EPS and FY2019 earnings at $10.20 EPS.
L3 Technologies (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.03. L3 Technologies had a return on equity of 1.85% and a net margin of 0.98%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the business posted $1.88 EPS. The company’s revenue was up 5.6% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This piece was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/11/22/research-analysts-offer-predictions-for-l3-technologies-inc-s-fy2017-earnings-lll.html.
Several other research analysts also recently weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $182.00 target price on shares of L3 Technologies in a research note on Friday, September 1st. Stifel Nicolaus lifted their target price on L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Cowen and Company reiterated a “buy” rating and issued a $200.00 target price on shares of L3 Technologies in a research note on Friday, October 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $205.00 target price (up from $190.00) on shares of L3 Technologies in a research note on Monday, October 2nd. Finally, ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $197.50.
L3 Technologies (NYSE:LLL) opened at $190.48 on Tuesday. L3 Technologies has a 12 month low of $143.54 and a 12 month high of $192.00. 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. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.
Hedge funds have recently modified their holdings of the stock. Guyasuta Investment Advisors Inc. raised its holdings in L3 Technologies by 0.8% during the second quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock worth $23,825,000 after purchasing an additional 1,199 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of L3 Technologies by 7,891.7% in the second quarter. Commonwealth Bank of Australia now owns 3,836 shares of the aerospace company’s stock worth $639,000 after acquiring an additional 3,788 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of L3 Technologies by 2.6% in the second quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock worth $147,381,000 after acquiring an additional 22,463 shares during the last quarter. Aberdeen Asset Management PLC UK raised its holdings in shares of L3 Technologies by 103.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 171,201 shares of the aerospace company’s stock worth $28,605,000 after acquiring an additional 87,195 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of L3 Technologies by 102.8% in the second quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after acquiring an additional 29,845 shares during the last quarter. 77.77% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Michael T. Strianese sold 22,547 shares of L3 Technologies stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total transaction of $4,190,810.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 67,641 shares of company stock worth $12,498,253. Company insiders own 2.90% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.57%. L3 Technologies’s dividend payout ratio (DPR) is presently 41.27%.
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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