$2.51 Billion in Sales Expected for L3 Technologies Inc (LLL) This Quarter

Brokerages expect L3 Technologies Inc (NYSE:LLL) to post sales of $2.51 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for L3 Technologies’ earnings. The lowest sales estimate is $2.49 billion and the highest is $2.52 billion. L3 Technologies reported sales of $2.65 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The firm is expected to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that L3 Technologies will report full year sales of $10.18 billion for the current fiscal year, with estimates ranging from $10.13 billion to $10.24 billion. For the next year, analysts forecast that the business will report sales of $10.79 billion, with estimates ranging from $10.62 billion to $10.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for L3 Technologies.

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

A number of research firms recently weighed in on LLL. ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Credit Suisse Group upped their price target on L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. SunTrust Banks upped their price target on L3 Technologies to $268.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a research note on Monday, July 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $220.00 price target on shares of L3 Technologies in a research note on Wednesday, July 11th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. L3 Technologies presently has a consensus rating of “Buy” and a consensus price target of $241.27.

Shares of NYSE:LLL opened at $218.23 on Friday. L3 Technologies has a 1 year low of $180.24 and a 1 year high of $223.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. The stock has a market capitalization of $16.65 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

A number of hedge funds have recently bought and sold shares of LLL. Mount Yale Investment Advisors LLC bought a new stake in L3 Technologies during the 1st quarter worth approximately $113,000. NEXT Financial Group Inc bought a new stake in L3 Technologies during the 3rd quarter worth approximately $134,000. Cornerstone Wealth Management LLC bought a new stake in L3 Technologies during the 2nd quarter worth approximately $166,000. Piedmont Investment Advisors LLC bought a new stake in L3 Technologies during the 2nd quarter worth approximately $177,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in L3 Technologies by 110.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 491 shares in the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.

About L3 Technologies

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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