L-3 Communications Holdings Company Profile (NYSE:LLL)

L-3 Communications Holdings trades on the New York Stock Exchange (NYSE) under the ticker symbol "LLL."

L-3 Communications Holdings announced a quarterly dividend on Wednesday, July 19th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.75 per share on Friday, September 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, August 15th. View L-3 Communications Holdings' Dividend History.

L-3 Communications Holdings declared that its board has approved a share buyback plan on Sunday, June 4th 2017, which authorizes the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 11.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

L-3 Communications Holdings, Inc. (NYSE:LLL) announced its earnings results on Thursday, April, 27th. The company reported $2.07 EPS for the quarter, beating the Zacks' consensus estimate of $1.81 by $0.26. The company earned $2.67 billion during the quarter, compared to analyst estimates of $2.45 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 5.98%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.08 EPS. View L-3 Communications Holdings' Earnings History.

L-3 Communications Holdings updated its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $8.50-8.70 for the period, compared to the Thomson Reuters consensus estimate of $8.62. The company issued revenue guidance of $10.75-10.95 billion, compared to the consensus revenue estimate of $10.77 billion.

13 brokers have issued 1 year price targets for L-3 Communications Holdings' shares. Their predictions range from $170.00 to $190.00. On average, they anticipate L-3 Communications Holdings' share price to reach $178.40 in the next year. View Analyst Ratings for L-3 Communications Holdings.

Here are some recent quotes from research analysts about L-3 Communications Holdings stock:

• 1. Cowen and Company analysts commented, "We expect investors will react positively to L-3’s succession announcement, which." (7/20/2017)
• 2. According to Zacks Investment Research, "L3 Technologies is transforming its business portfolio to bring more focus to defense electronics, communications and ISR markets where it has leading positions. The company focuses on upgrading its technology and follows acquisition strategies to enhance its capabilities to serve better. Moreover, L3 Technologies’ stock outperformed the Zacks categorized Aerospace/Defense industry over the past one year backed by continued growth in the commercial aviation market. The company’s efforts in physics-based modeling and simulation are also notable. Besides, its strong balance sheet boosts L3 Technologies’ financial flexibility. However, these positives are partly offset by its overdependence on government orders and budget volatility in the U.S." (3/29/2017)
• 3. Jefferies Group LLC analysts commented, "LLL hosted investors to present its objectives for the upcoming year. The business is positioned to deliver disciplined growth driven by organic opportunities coupled with complementary acquisitions. Given current interest rates and market returns, its seems likely that LLL could have a modest amount of pension income in 2017, similar to 2016, and not an expense. We boost 2017 and 2018 EPS Est. by $0.20 to $8.55 and $9.20." (12/7/2016)

L-3 Communications Holdings saw a drop in short interest during the month of June. As of June 30th, there was short interest totalling 830,795 shares, a drop of 45.5% from the June 15th total of 1,523,709 shares. Based on an average trading volume of 584,888 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.1% of the company's shares are short sold.

Some companies that are related to L-3 Communications Holdings include BAE Systems plc (BA), Rockwell Collins (COL), Rolls-Royce Holding PLC (RR), Huntington Ingalls Industries (HII), Orbital ATK (OA), Elbit Systems (ESLT), BWX Technologies (BWXT), Hexcel Corporation (HXL), Esterline Technologies Corporation (ESL), Moog (MOG.A), Cobham plc (COB), Mercury Systems (MRCY), DigitalGlobe (DGI), Triumph Group (TGI), Ultra Electronics Holdings plc (ULE), TASER International (AAXN), QinetiQ Group plc (QQ) and Cubic Corporation (CUB).

L-3 Communications Holdings' management team includes the folowing people:

• Michael T. Strianese, Chairman of the Board, Chief Executive Officer, President
• Ralph G. D'Ambrosio, Chief Financial Officer, Vice President
• Steven M. Post, Senior Vice President, General Counsel and Corporate Secretary
• David T. Butler III, Senior Vice President - Business Operations
• Richard A. Cody, Corporate Senior Vice President
• James W. Dunn, Senior Vice President and President of Sensors & Simulation Group
• Todd W. Gautier, Corporate Senior Vice President and President - reorganized Electronic Systems segment
• John C. McNellis, Senior Vice President and President of Integrated Systems Group
• Jeff Miller, Senior Vice President and President of the Sensor Systems segment
• Charles J. Schafer, Senior Vice President and President of Products Group

L-3 Communications Holdings' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.32%), National Pension Service (0.10%), Chevy Chase Trust Holdings Inc. (0.09%), Oregon Public Employees Retirement Fund (0.09%), State of Alaska Department of Revenue (0.04%) and Aperio Group LLC (0.03%). Company insiders that own L-3 Communications Holdings stock include Arthur L Simon, Claude R Canizares, Curtis Brunson, Dan Azmon, John S Mega, Michael T Strianese, Ralph Dambrosio, Richard A Cody, Steven Kantor and Steven M Post. View Institutional Ownership Trends for L-3 Communications Holdings.

L-3 Communications Holdings' stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Oakbrook Investments LLC, Murphy Capital Management Inc., Exxonmobil Investment Management Inc. TX, Chevy Chase Trust Holdings Inc., Capstone Asset Management Co., Catawba Capital Management VA and Heritage Investors Management Corp. Company insiders that have sold L-3 Communications Holdings stock in the last year include Arthur L Simon, Claude R Canizares, Dan Azmon, John S Mega, Michael T Strianese, Ralph Dambrosio and Steven M Post. View Insider Buying and Selling for L-3 Communications Holdings.

L-3 Communications Holdings' stock was acquired by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., Bedrijfstakpensioenfonds Voor DE Media PNO, National Pension Service, NN Investment Partners Holdings N.V., Xact Kapitalforvaltning AB, Bank of Montreal Can, Oregon Public Employees Retirement Fund and Peak Capital Management LLC. View Insider Buying and Selling for L-3 Communications Holdings.

Shares of L-3 Communications Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of L-3 Communications Holdings stock can currently be purchased for approximately $176.62.