News coverage about L3 Technologies (NYSE:LLL) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L3 Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 46.495328279532 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- L-3 eyes night vision electro-optical binoculars (militaryaerospace.com)
- L3 Technologies (LLL) Short Interest Update (americanbankingnews.com)
- L3 Technologies (LLL) Expected to Announce Quarterly Sales of $2.48 Billion (americanbankingnews.com)
- NEWS BITES: Pompeo: U.S. will lift sanctions if N. Korea ends nuclear program, Edu. Dept. unwinds for-profit college investigations: NYT, WHO looks to eliminate trans fats worldwide by 2023 (finance.yahoo.com)
- MARKETS: Bulls are taking the reigns (finance.yahoo.com)
Shares of NYSE:LLL traded up $0.11 during trading on Friday, reaching $194.06. The stock had a trading volume of 1,486,617 shares, compared to its average volume of 1,049,747. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 1.92. L3 Technologies has a 52 week low of $160.83 and a 52 week high of $218.71. The firm has a market cap of $15.23 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.34 and a beta of 1.22.
L3 Technologies (NYSE:LLL) last issued its earnings results on Tuesday, May 1st. The aerospace company reported $2.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.33. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.32 billion. L3 Technologies had a net margin of 6.94% and a return on equity of 13.74%. L3 Technologies’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 earnings per share. sell-side analysts anticipate that L3 Technologies will post 9.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 18th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, May 17th. L3 Technologies’s dividend payout ratio is presently 37.78%.
A number of research firms have recently commented on LLL. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $209.00 price objective on the stock in a research note on Thursday, May 3rd. Stifel Nicolaus upped their price objective on shares of L3 Technologies from $215.00 to $220.00 and gave the company a “hold” rating in a research note on Wednesday, May 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $250.00 price objective on shares of L3 Technologies in a research note on Wednesday, January 24th. Cowen reaffirmed a “buy” rating and issued a $225.00 price objective on shares of L3 Technologies in a research note on Friday, January 26th. Finally, Barclays began coverage on shares of L3 Technologies in a research note on Thursday, March 29th. They issued an “overweight” rating and a $274.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. L3 Technologies has an average rating of “Buy” and an average target price of $223.00.
In related news, Chairman Michael T. Strianese sold 39,515 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $187.05, for a total transaction of $7,391,280.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dan Azmon sold 1,772 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $203.82, for a total transaction of $361,169.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 477,498 shares of company stock worth $98,313,891. 2.90% of the stock is owned by insiders.
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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