L-3 Communications Holdings, Inc. (NYSE:LLL) Issues FY17 Earnings Guidance

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.

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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.

Earnings History and Estimates for L-3 Communications Holdings (NYSE:LLL)

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