Zacks: Brokerages Expect L3 Technologies Inc (LLL) Will Post Earnings of $2.00 Per Share
Analysts expect L3 Technologies Inc (NYSE:LLL) to report earnings of $2.00 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for L3 Technologies’ earnings, with the lowest EPS estimate coming in at $1.94 and the highest estimate coming in at $2.15. L3 Technologies reported earnings per share of $2.07 in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that L3 Technologies will report full-year earnings of $9.55 per share for the current fiscal year, with EPS estimates ranging from $9.50 to $9.65. For the next financial year, analysts forecast that the firm will post earnings of $10.68 per share, with EPS estimates ranging from $10.25 to $11.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for L3 Technologies.
L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.05. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 earnings per share.
Shares of L3 Technologies (LLL) traded down $0.46 during mid-day trading on Monday, reaching $212.89. The company had a trading volume of 1,140,300 shares, compared to its average volume of 757,288. The firm has a market cap of $16,635.68, a PE ratio of 25.02, a PEG ratio of 2.70 and a beta of 1.26. L3 Technologies has a 1 year low of $159.43 and a 1 year high of $218.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.89 and a quick ratio of 1.72.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.80 per share. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 1.50%. L3 Technologies’s payout ratio is presently 35.25%.
In other L3 Technologies news, insider Michael T. Strianese sold 39,515 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $217.36, for a total transaction of $8,588,980.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 299,150 shares of company stock worth $61,651,095 in the last quarter. 2.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in L3 Technologies during the 4th quarter worth approximately $107,000. Invictus RG purchased a new stake in shares of L3 Technologies during the 3rd quarter worth approximately $135,000. NewSquare Capital LLC boosted its stake in shares of L3 Technologies by 2,510.7% during the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock worth $145,000 after acquiring an additional 703 shares in the last quarter. Kings Point Capital Management purchased a new stake in shares of L3 Technologies during the 4th quarter worth approximately $158,000. Finally, Parallel Advisors LLC boosted its stake in shares of L3 Technologies by 56.5% during the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares in the last quarter. Institutional investors own 77.80% of the company’s stock.
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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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