L-3 Communications Holdings (LLL) Receiving Positive Media Coverage, Accern Reports
News stories about L-3 Communications Holdings (NYSE:LLL) have trended positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. L-3 Communications Holdings earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 46.0957415443129 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Smart Weapons Global Market Trend Analysis By Component & Type Forecast 2023 (emailwire.com)
- Transportation Security System Market Accounting for USD 74.50 Billion in 2021 (sbwire.com)
- Research Analysts Offer Predictions for L-3 Communications Holdings, Inc.’s FY2020 Earnings (LLL) (americanbankingnews.com)
- L-3 Communications Holdings, Inc. (LLL) Forecasted to Earn Q1 2018 Earnings of $2.12 Per Share (americanbankingnews.com)
- Discover the directed energy weapons market size, growth, share, trends and forecast by 2023 (whatech.com)
L-3 Communications Holdings (NYSE LLL) opened at 187.56 on Monday. The stock has a market capitalization of $14.67 billion, a PE ratio of 21.14 and a beta of 1.15. The company has a 50-day moving average price of $186.23 and a 200-day moving average price of $174.23. L-3 Communications Holdings has a 12-month low of $132.38 and a 12-month high of $192.00.
L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 earnings per share. Analysts expect that L-3 Communications Holdings will post $8.85 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the company from $195.00 to $204.00 in a research report on Monday, August 7th. Cowen and Company reaffirmed a “buy” rating and set a $190.00 price objective on shares of L-3 Communications Holdings in a research report on Monday, August 14th. Drexel Hamilton raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $185.00 price objective (up from $175.00) on shares of L-3 Communications Holdings in a research report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $192.50.
In other news, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Claude R. Canizares sold 2,981 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,622 shares of company stock worth $13,649,909. Company insiders own 2.90% of the company’s stock.
About L-3 Communications Holdings
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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