L-3 Communications Holdings, Inc. (NYSE:LLL) released its earnings results on Thursday. The aerospace company reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03, Bloomberg Earnings reports. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. L-3 Communications Holdings updated its FY17 guidance to $8.80-8.90 EPS.
L-3 Communications Holdings (LLL) traded down 1.45% on Thursday, hitting $185.72. The stock had a trading volume of 581,921 shares. The company has a 50 day moving average of $187.34 and a 200 day moving average of $175.48. The company has a market capitalization of $14.53 billion, a PE ratio of 20.94 and a beta of 1.15. L-3 Communications Holdings has a 12-month low of $132.38 and a 12-month high of $192.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.59%. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.
Several research firms have recently commented on LLL. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Cowen and Company reissued a “buy” rating and issued a $200.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research note on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating on shares of L-3 Communications Holdings in a research note on Sunday, October 8th. Deutsche Bank AG reissued a “buy” rating and issued a $205.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. L-3 Communications Holdings has an average rating of “Hold” and a consensus price target of $192.50.
In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claude R. Canizares sold 2,981 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,622 shares of company stock valued at $13,649,909. Company insiders own 2.90% of the company’s stock.
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.