L3 Technologies Inc (LLL) Expected to Announce Earnings of $2.67 Per Share

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Brokerages expect L3 Technologies Inc (NYSE:LLL) to post $2.67 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for L3 Technologies’ earnings, with the lowest EPS estimate coming in at $2.58 and the highest estimate coming in at $2.82. L3 Technologies reported earnings per share of $2.35 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that L3 Technologies will report full year earnings of $10.34 per share for the current year, with EPS estimates ranging from $10.25 to $10.47. For the next year, analysts anticipate that the business will post earnings of $11.51 per share, with EPS estimates ranging from $11.15 to $11.90. Zacks’ earnings per share averages 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 released its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.46. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. L3 Technologies had a return on equity of 14.71% and a net margin of 10.64%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 earnings per share.

Several brokerages have recently commented on LLL. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $229.00 target price on the stock in a report on Tuesday, July 17th. ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Jefferies Financial Group reissued a “hold” rating and issued a $222.00 target price on shares of L3 Technologies in a report on Friday, July 27th. Credit Suisse Group boosted their target price on L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Finally, Citigroup boosted their target price on L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $241.17.

Large investors have recently bought and sold shares of the business. Honkamp Krueger Financial Services Inc. acquired a new position in L3 Technologies during the 3rd quarter worth $122,000. NEXT Financial Group Inc acquired a new position in L3 Technologies during the 3rd quarter worth $134,000. Cornerstone Wealth Management LLC acquired a new position in L3 Technologies during the 2nd quarter worth $166,000. Piedmont Investment Advisors LLC acquired a new position in L3 Technologies during the 2nd quarter worth $177,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in L3 Technologies by 110.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock worth $180,000 after buying an additional 491 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.

NYSE LLL opened at $191.67 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.56 and a current ratio of 1.96. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.52 and a beta of 1.27. L3 Technologies has a 1-year low of $180.24 and a 1-year high of $223.73.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.67%. The ex-dividend date is Thursday, November 15th. L3 Technologies’s dividend payout ratio is 37.78%.

About L3 Technologies

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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