L-3 Communications Holdings, Inc. (NYSE:LLL) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $8.80-8.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.73. The company issued revenue guidance of $10.8-11.0 billion, compared to the consensus revenue estimate of $10.97 billion.
A number of analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) raised shares of L-3 Communications Holdings from a buy rating to a conviction-buy rating and upped their target price for the stock from $195.00 to $204.00 in a research report on Monday, August 7th. Cowen and Company reissued a buy rating and set a $190.00 price objective on shares of L-3 Communications Holdings in a research report on Monday, August 14th. Drexel Hamilton raised shares of L-3 Communications Holdings from a hold rating to a buy rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of L-3 Communications Holdings from a buy rating to a hold rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a hold rating and set a $175.00 price objective (up from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $195.50.
Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) opened at $184.22 on Friday. L-3 Communications Holdings, Inc. has a one year low of $143.54 and a one year high of $192.00. The company has a market cap of $14,437.54, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 3.49 and a beta of 1.18. The company has a current ratio of 1.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66.
L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.03. L-3 Communications Holdings had a net margin of 5.22% and a return on equity of 14.00%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter last year, the business earned $1.88 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. equities analysts forecast that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications Holdings’s dividend payout ratio (DPR) is currently 41.27%.
In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Claude R. Canizares sold 2,981 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total transaction of $541,588.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,622 shares of company stock valued at $13,940,991. Insiders own 2.90% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/l-3-communications-holdings-inc-lll-releases-fy17-earnings-guidance.html.
About L-3 Communications Holdings
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.
Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.