Equities research analysts expect that L3 Technologies Inc (NYSE:LLL) will announce sales of $2.52 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for L3 Technologies’ earnings, with the lowest sales estimate coming in at $2.48 billion and the highest estimate coming in at $2.56 billion. L3 Technologies reported sales of $2.37 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is expected to report its next quarterly earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that L3 Technologies will report full year sales of $10.78 billion for the current financial year, with estimates ranging from $10.73 billion to $10.81 billion. For the next financial year, analysts forecast that the business will report sales of $11.34 billion, with estimates ranging from $11.23 billion to $11.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow L3 Technologies.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.44. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business posted $2.25 earnings per share. L3 Technologies’s quarterly revenue was up 7.7% compared to the same quarter last year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Cowen reiterated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Tuesday, January 29th. Credit Suisse Group reiterated a “buy” rating and set a $229.00 target price on shares of L3 Technologies in a report on Wednesday, January 23rd. Citigroup lowered their target price on shares of L3 Technologies from $224.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 14th. Finally, ValuEngine lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 23rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $228.90.
LLL stock opened at $208.84 on Thursday. L3 Technologies has a 52-week low of $158.76 and a 52-week high of $223.73. The company has a market cap of $16.29 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The company has a quick ratio of 1.62, a current ratio of 1.98 and a debt-to-equity ratio of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.40 annualized dividend and a dividend yield of 1.63%. This is an increase from L3 Technologies’s previous quarterly dividend of $0.80. L3 Technologies’s dividend payout ratio (DPR) is 29.77%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. IMS Capital Management bought a new stake in shares of L3 Technologies during the third quarter valued at approximately $43,000. Riverview Trust Co bought a new stake in shares of L3 Technologies during the fourth quarter valued at approximately $45,000. CX Institutional bought a new stake in shares of L3 Technologies during the fourth quarter valued at approximately $94,000. River Wealth Advisors LLC increased its position in shares of L3 Technologies by 16.1% during the fourth quarter. River Wealth Advisors LLC now owns 540 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 75 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of L3 Technologies during the third quarter valued at approximately $122,000. 81.83% of the stock is owned by institutional investors.
L3 Technologies Company Profile
L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.
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