Press coverage about L-3 Communications Holdings (NYSE:LLL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. L-3 Communications Holdings earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 46.5115669372633 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- L3 to Present at the Goldman Sachs Industrials Conference 2017 (finance.yahoo.com)
- ETFs with exposure to L3 Technologies, Inc. : November 13, 2017 (finance.yahoo.com)
- L3’s ClearScan® Explosives Detection System Is First to Pass New European Certification for Cabin Baggage Screening (finance.yahoo.com)
- Short Interest in L-3 Communications Holdings, Inc. (LLL) Decreases By 33.6% (americanbankingnews.com)
Several research firms have recently weighed in on LLL. Cowen and Company reissued a “buy” rating and set a $190.00 price objective on shares of L-3 Communications Holdings in a research note on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $175.00 price objective on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their price objective for the stock from $195.00 to $204.00 in a research note on Monday, August 7th. Stifel Nicolaus raised their price objective on L-3 Communications Holdings from $195.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $195.50.
L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company earned $1.88 earnings per share. L-3 Communications Holdings’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts anticipate that L-3 Communications Holdings will post 8.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.64%. L-3 Communications Holdings’s dividend payout ratio is 41.27%.
In related news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total transaction of $4,190,810.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,641 shares of company stock valued at $13,399,403. 2.90% of the stock is owned by corporate insiders.
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L-3 Communications Holdings Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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