Analysts Expect L3 Technologies Inc (LLL) to Post $2.39 Earnings Per Share

Wall Street analysts forecast that L3 Technologies Inc (NYSE:LLL) will report earnings per share (EPS) of $2.39 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for L3 Technologies’ earnings, with estimates ranging from $2.35 to $2.41. L3 Technologies posted earnings per share of $1.96 in the same quarter last year, which indicates a positive year-over-year growth rate of 21.9%. The business is expected to report its next earnings results on Thursday, October 25th.

On average, analysts expect that L3 Technologies will report full year earnings of $10.02 per share for the current fiscal year, with EPS estimates ranging from $9.90 to $10.18. For the next financial year, analysts expect that the company will report earnings of $11.49 per share, with EPS estimates ranging from $11.10 to $11.85. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for L3 Technologies.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.17. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $2.54 EPS. L3 Technologies’s quarterly revenue was up 8.3% on a year-over-year basis.



Several equities research analysts have commented on the company. ValuEngine lowered L3 Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Credit Suisse Group boosted their price objective on L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a research note on Monday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a $220.00 price objective on shares of L3 Technologies in a research note on Wednesday, July 11th. Finally, Cowen reiterated a “buy” rating and set a $225.00 price objective on shares of L3 Technologies in a research note on Tuesday, July 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $234.08.

NYSE:LLL traded up $2.33 during trading hours on Thursday, hitting $216.17. 409,387 shares of the stock were exchanged, compared to its average volume of 409,845. L3 Technologies has a 52-week low of $180.24 and a 52-week high of $218.71. The company has a current ratio of 1.82, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60. The firm has a market cap of $16.42 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 17th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.48%. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.

Hedge funds have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC purchased a new stake in shares of L3 Technologies in the first quarter valued at approximately $113,000. Institutional & Family Asset Management LLC purchased a new stake in shares of L3 Technologies in the first quarter valued at approximately $129,000. Piedmont Investment Advisors LLC purchased a new stake in shares of L3 Technologies in the second quarter valued at approximately $177,000. Benjamin F. Edwards & Company Inc. grew its position in shares of L3 Technologies by 110.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 491 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in shares of L3 Technologies in the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 81.80% of the company’s stock.

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

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