L3 Technologies Inc (LLL) Expected to Announce Quarterly Sales of $2.74 Billion

Brokerages forecast that L3 Technologies Inc (NYSE:LLL) will report sales of $2.74 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for L3 Technologies’ earnings. The lowest sales estimate is $2.65 billion and the highest is $2.83 billion. L3 Technologies posted sales of $2.57 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that L3 Technologies will report full year sales of $10.19 billion for the current fiscal year, with estimates ranging from $10.13 billion to $10.24 billion. For the next fiscal year, analysts forecast that the business will post sales of $10.82 billion, with estimates ranging from $10.62 billion to $10.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow L3 Technologies.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.85. L3 Technologies had a return on equity of 14.71% and a net margin of 10.64%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the business earned $1.96 EPS. L3 Technologies’s quarterly revenue was up 9.9% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group upped their price target on L3 Technologies from $238.00 to $272.00 and gave the company an “outperform” rating in a research report on Monday, October 15th. JPMorgan Chase & Co. lowered L3 Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $245.00 to $240.00 in a research report on Friday, November 2nd. Vertical Research upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 15th. Zacks Investment Research lowered L3 Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, Barclays dropped their price target on L3 Technologies from $274.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. L3 Technologies has an average rating of “Buy” and an average price target of $236.67.

Several hedge funds have recently bought and sold shares of LLL. IMS Capital Management acquired a new position in L3 Technologies in the third quarter valued at approximately $43,000. Honkamp Krueger Financial Services Inc. acquired a new position in L3 Technologies in the third quarter valued at approximately $122,000. Point72 Hong Kong Ltd lifted its holdings in L3 Technologies by 2,067.9% in the third quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 579 shares during the last quarter. NEXT Financial Group Inc acquired a new position in L3 Technologies in the third quarter valued at approximately $134,000. Finally, Belpointe Asset Management LLC acquired a new position in L3 Technologies in the third quarter valued at approximately $138,000. Institutional investors and hedge funds own 80.01% of the company’s stock.

NYSE:LLL traded up $2.27 during trading hours on Thursday, hitting $191.90. 786,106 shares of the stock were exchanged, compared to its average volume of 709,128. L3 Technologies has a 52-week low of $172.54 and a 52-week high of $223.73. The company has a current ratio of 1.96, a quick ratio of 1.56 and a debt-to-equity ratio of 0.58. The firm has a market cap of $14.72 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.26.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.67%. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.

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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