Analysts predict that L3 Technologies Inc (NYSE:LLL) will announce $2.59 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for L3 Technologies’ earnings, with estimates ranging from $2.35 to $2.85. L3 Technologies posted earnings per share of $1.96 in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.1%. The firm is expected to announce its next earnings report on Thursday, October 25th.

On average, analysts expect that L3 Technologies will report full year earnings of $10.24 per share for the current fiscal year, with EPS estimates ranging from $9.90 to $10.47. For the next financial year, analysts forecast that the business will report earnings of $11.51 per share, with EPS estimates ranging from $11.10 to $11.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for L3 Technologies.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings results on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.46. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. L3 Technologies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS.

LLL has been the subject of a number of recent research reports. ValuEngine lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. UBS Group initiated coverage on shares of L3 Technologies in a research note on Wednesday, August 15th. They set a “neutral” rating and a $230.00 price target for the company. Vertical Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 15th. Finally, Citigroup boosted their price target on shares of L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. L3 Technologies currently has a consensus rating of “Buy” and an average target price of $241.27.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio grew its stake in shares of L3 Technologies by 3.8% in the 3rd quarter. Strs Ohio now owns 11,605 shares of the aerospace company’s stock worth $2,467,000 after acquiring an additional 422 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of L3 Technologies by 47.8% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 8,601 shares of the aerospace company’s stock worth $1,829,000 after acquiring an additional 2,783 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of L3 Technologies in the 3rd quarter worth $186,000. Oakbrook Investments LLC grew its stake in shares of L3 Technologies by 23.4% in the 3rd quarter. Oakbrook Investments LLC now owns 8,050 shares of the aerospace company’s stock worth $1,712,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of L3 Technologies by 8.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 21,927 shares of the aerospace company’s stock worth $4,662,000 after acquiring an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Shares of LLL stock opened at $215.23 on Wednesday. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49. L3 Technologies has a 12 month low of $180.24 and a 12 month high of $223.73.

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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