L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, January 28th. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.16. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that L-3 Communications Holdings, Inc. will post $7.58 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were paid a $0.70 dividend. The ex-dividend date was Friday, February 26th. This represents a $2.80 dividend on an annualized basis and a yield of 2.35%. This is a boost from L-3 Communications Holdings’s previous quarterly dividend of $0.65.
LLL has been the subject of a number of research reports. JBVEF Research analysts downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Monday, March 14th. Goldman Sachs upped their price objective on L-3 Communications Holdings from $125.00 to $131.00 in a research note on Friday, February 26th. Barclays increased their price objective on L-3 Communications Holdings from $123.00 to $126.00 and gave the company an “equal weight” rating in a report on Tuesday, February 16th. Finally, Deutsche Bank reissued a “buy” rating on shares of L-3 Communications Holdings in a research report on Tuesday, February 2nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $129.50.
In related news, CEO Michael T. Strianese sold 30,000 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $119.08, for a total value of $3,572,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Claude R. Canizares sold 2,194 shares of the stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $117.87, for a total value of $258,606.78. The disclosure for this sale can be found here.
L-3 Communications Holdings, Inc (NYSE:LLL) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence, surveillance and reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, enterprise and mission information technology (IT) solutions, and cyber operations.