Analysts Expect L3 Technologies Inc (NYSE:LLL) to Announce $2.82 EPS

Brokerages expect L3 Technologies Inc (NYSE:LLL) to post earnings per share of $2.82 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for L3 Technologies’ earnings, with the highest EPS estimate coming in at $2.88 and the lowest estimate coming in at $2.77. L3 Technologies posted earnings per share of $2.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The business is scheduled to report its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that L3 Technologies will report full-year earnings of $11.76 per share for the current financial year, with EPS estimates ranging from $11.40 to $12.19. For the next year, analysts anticipate that the company will report earnings of $13.13 per share, with EPS estimates ranging from $12.90 to $13.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover L3 Technologies.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.37. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. Cowen restated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, May 1st. Credit Suisse Group boosted their target price on L3 Technologies from $232.00 to $258.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. SunTrust Banks upgraded L3 Technologies to a “buy” rating and set a $265.00 target price for the company in a research report on Thursday, May 2nd. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Finally, Barclays boosted their target price on L3 Technologies from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $238.33.

Shares of LLL opened at $245.17 on Friday. The company has a fifty day simple moving average of $245.86. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54. L3 Technologies has a 52-week low of $158.76 and a 52-week high of $260.48. The company has a market cap of $19.56 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 2.25 and a beta of 1.07.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.39%. L3 Technologies’s payout ratio is currently 31.63%.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in L3 Technologies by 1.2% in the first quarter. BlackRock Inc. now owns 6,145,672 shares of the aerospace company’s stock valued at $1,268,284,000 after purchasing an additional 72,329 shares during the last quarter. CNH Partners LLC increased its holdings in L3 Technologies by 3.8% in the first quarter. CNH Partners LLC now owns 1,214,208 shares of the aerospace company’s stock valued at $250,576,000 after purchasing an additional 43,916 shares during the last quarter. Geode Capital Management LLC increased its holdings in L3 Technologies by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 1,031,121 shares of the aerospace company’s stock valued at $178,755,000 after purchasing an additional 86,642 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in L3 Technologies by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 928,890 shares of the aerospace company’s stock valued at $161,292,000 after purchasing an additional 5,194 shares during the last quarter. Finally, Alpine Associates Management Inc. increased its holdings in L3 Technologies by 34.6% in the first quarter. Alpine Associates Management Inc. now owns 819,891 shares of the aerospace company’s stock valued at $169,202,000 after purchasing an additional 210,690 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

L3 Technologies Company Profile

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

See Also: Earnings Per Share (EPS) Explained

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

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