L3 Technologies (LLL) Expected to Post Quarterly Sales of $2.33 Billion

Wall Street analysts expect L3 Technologies (NYSE:LLL) to announce $2.33 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for L3 Technologies’ earnings, with estimates ranging from $2.24 billion to $2.42 billion. L3 Technologies reported sales of $2.67 billion during the same quarter last year, which would suggest a negative year over year growth rate of 12.7%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that L3 Technologies will report full year sales of $2.33 billion for the current financial year, with estimates ranging from $9.89 billion to $10.07 billion. For the next financial year, analysts anticipate that the firm will post sales of $10.46 billion per share, with estimates ranging from $10.26 billion to $10.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for L3 Technologies.

L3 Technologies (NYSE:LLL) last released its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $2.38 earnings per share. L3 Technologies’s revenue was down 2.6% compared to the same quarter last year.



Several equities research analysts recently commented on LLL shares. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America raised L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a report on Wednesday, January 24th. SunTrust Banks increased their target price on L3 Technologies to $253.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Cowen reissued a “buy” rating and issued a $225.00 target price on shares of L3 Technologies in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. L3 Technologies currently has an average rating of “Buy” and an average target price of $224.50.

In other news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $217.36, for a total value of $8,588,980.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dan Azmon sold 1,772 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $203.82, for a total value of $361,169.04. The disclosure for this sale can be found here. In the last three months, insiders sold 517,013 shares of company stock worth $107,719,251. 2.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of L3 Technologies by 5.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,038 shares of the aerospace company’s stock worth $1,392,000 after buying an additional 339 shares during the period. Certified Advisory Corp bought a new position in shares of L3 Technologies in the fourth quarter worth about $128,000. KCM Investment Advisors LLC raised its stake in shares of L3 Technologies by 71.1% in the fourth quarter. KCM Investment Advisors LLC now owns 9,532 shares of the aerospace company’s stock worth $1,886,000 after buying an additional 3,960 shares during the period. Xact Kapitalforvaltning AB raised its stake in shares of L3 Technologies by 12.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 7,295 shares of the aerospace company’s stock worth $1,443,000 after buying an additional 810 shares during the period. Finally, First Commonwealth Financial Corp PA bought a new position in shares of L3 Technologies in the fourth quarter worth about $294,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

L3 Technologies stock opened at $211.48 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.71 and a current ratio of 1.87. L3 Technologies has a one year low of $159.43 and a one year high of $218.71. The firm has a market cap of $16,482.57, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 2.67 and a beta of 1.21.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.80 dividend. This is an increase from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 1.51%. L3 Technologies’s dividend payout ratio is currently 37.78%.

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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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Earnings History and Estimates for L3 Technologies (NYSE:LLL)

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