L3 Technologies Inc (NYSE:LLL) – Jefferies Financial Group boosted their FY2018 earnings per share estimates for L3 Technologies in a report released on Sunday, October 14th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the aerospace company will post earnings per share of $10.30 for the year, up from their previous estimate of $10.05. Jefferies Financial Group has a “Hold” rating and a $222.00 price objective on the stock. Jefferies Financial Group also issued estimates for L3 Technologies’ FY2019 earnings at $11.90 EPS and FY2020 earnings at $13.45 EPS.
L3 Technologies (NYSE:LLL) last released its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.46. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business posted $1.96 EPS. The business’s revenue was up 9.9% on a year-over-year basis.
Shares of NYSE:LLL opened at $220.16 on Tuesday. L3 Technologies has a 52-week low of $180.24 and a 52-week high of $223.73. The company has a market capitalization of $16.65 billion, a PE ratio of 25.99, a PEG ratio of 2.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49.
Hedge funds have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC bought a new position in L3 Technologies during the 1st quarter valued at approximately $113,000. NEXT Financial Group Inc bought a new position in L3 Technologies during the 3rd quarter valued at approximately $134,000. Piedmont Investment Advisors LLC bought a new position in L3 Technologies during the 2nd quarter valued at approximately $177,000. Benjamin F. Edwards & Company Inc. increased its position 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 valued at $180,000 after buying an additional 491 shares in the last quarter. Finally, BKD Wealth Advisors LLC bought a new position in L3 Technologies during the 1st quarter valued at approximately $205,000. 81.72% of the stock is owned by institutional investors.
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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