Zacks: Analysts Anticipate L3 Technologies Inc (LLL) Will Announce Quarterly Sales of $2.50 Billion
Equities research analysts predict that L3 Technologies Inc (NYSE:LLL) will report sales of $2.50 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for L3 Technologies’ earnings, with the lowest sales estimate coming in at $2.48 billion and the highest estimate coming in at $2.51 billion. L3 Technologies reported sales of $2.65 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5.7%. The company is expected to issue its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that L3 Technologies will report full year sales of $10.17 billion for the current year, with estimates ranging from $10.08 billion to $10.27 billion. For the next financial year, analysts forecast that the firm will report sales of $10.75 billion per share, with estimates ranging from $10.62 billion to $10.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover L3 Technologies.
L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.17. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $2.54 EPS.
Shares of NYSE:LLL traded up $0.62 during trading on Friday, hitting $210.38. The company had a trading volume of 273,600 shares, compared to its average volume of 687,106. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.26 and a beta of 1.25. L3 Technologies has a one year low of $177.50 and a one year high of $218.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, August 16th. L3 Technologies’s dividend payout ratio is currently 37.78%.
Several hedge funds have recently modified their holdings of the stock. Summit Trail Advisors LLC raised its position in L3 Technologies by 13,429.5% during the 1st quarter. Summit Trail Advisors LLC now owns 1,065,987 shares of the aerospace company’s stock valued at $1,066,000 after purchasing an additional 1,058,108 shares in the last quarter. PointState Capital LP raised its position in L3 Technologies by 4,174.7% during the 1st quarter. PointState Capital LP now owns 538,612 shares of the aerospace company’s stock valued at $112,031,000 after purchasing an additional 526,012 shares in the last quarter. Swiss National Bank bought a new stake in L3 Technologies during the 2nd quarter valued at $50,307,000. Janus Henderson Group PLC raised its position in L3 Technologies by 10.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock valued at $359,639,000 after purchasing an additional 172,277 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in L3 Technologies by 20.4% during the 1st quarter. JPMorgan Chase & Co. now owns 926,013 shares of the aerospace company’s stock valued at $192,612,000 after purchasing an additional 156,822 shares in the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.
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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