L-3 Communications Holdings, Inc. (NYSE:LLL) – Equities researchers at Jefferies Group reduced their Q3 2017 earnings per share (EPS) estimates for shares of L-3 Communications Holdings in a research note issued on Thursday. Jefferies Group analyst H. Rubel now forecasts that the aerospace company will post earnings per share of $2.00 for the quarter, down from their previous estimate of $2.12. Jefferies Group has a “Hold” rating and a $175.00 price target on the stock. Jefferies Group also issued estimates for L-3 Communications Holdings’ Q1 2018 earnings at $2.13 EPS and Q4 2018 earnings at $2.60 EPS.
Other equities analysts also recently issued research reports about the company. Cowen and Company reiterated a “buy” rating and issued a $185.00 price objective on shares of L-3 Communications Holdings in a report on Thursday, July 20th. Deutsche Bank AG increased their price objective on L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Barclays PLC downgraded L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $165.00 to $175.00 in a report on Monday, May 1st. BidaskClub upgraded L-3 Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $178.00 price objective on shares of L-3 Communications Holdings in a report on Friday, June 2nd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $180.09.
Shares of L-3 Communications Holdings (LLL) opened at 174.36 on Monday. The firm has a market cap of $13.64 billion, a P/E ratio of 19.66 and a beta of 1.15. L-3 Communications Holdings has a 52-week low of $132.38 and a 52-week high of $180.73. The company has a 50-day moving average of $170.97 and a 200 day moving average of $166.60.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $1.88 EPS. L-3 Communications Holdings’s revenue was up 2.6% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.72%. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.
L-3 Communications Holdings announced that its board has initiated a stock repurchase program on Tuesday, May 9th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase up to 11.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Chairman Michael T. Strianese sold 22,547 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $169.02, for a total value of $3,810,893.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LLL. First Command Financial Services Inc. raised its position in L-3 Communications Holdings by 13.6% in the first quarter. First Command Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock worth $448,000 after buying an additional 325 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in L-3 Communications Holdings during the first quarter worth about $216,000. Raymond James Trust N.A. raised its position in L-3 Communications Holdings by 20.6% in the first quarter. Raymond James Trust N.A. now owns 3,278 shares of the aerospace company’s stock worth $542,000 after buying an additional 559 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in L-3 Communications Holdings by 5.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,788 shares of the aerospace company’s stock worth $11,370,000 after buying an additional 3,623 shares during the last quarter. Finally, Alpha Windward LLC raised its position in L-3 Communications Holdings by 1,165.3% in the first quarter. Alpha Windward LLC now owns 3,062 shares of the aerospace company’s stock worth $506,000 after buying an additional 2,820 shares during the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.
L-3 Communications Holdings 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.
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 our FREE daily email newsletter.