Brokerages expect that L3 Technologies Inc (NYSE:LLL) will post $2.55 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for L3 Technologies’ earnings, with the lowest sales estimate coming in at $2.51 billion and the highest estimate coming in at $2.60 billion. L3 Technologies posted sales of $2.99 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.7%. The firm is expected to issue its next earnings results before the market opens on Thursday, January 25th.

On average, analysts expect that L3 Technologies will report full-year sales of $2.55 billion for the current year, with estimates ranging from $9.52 billion to $10.55 billion. For the next fiscal year, analysts anticipate that the company will post sales of $10.00 billion per share, with estimates ranging from $9.97 billion to $10.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover L3 Technologies.

L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. L3 Technologies had a return on equity of 14.00% and a net margin of 5.22%. L3 Technologies’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 earnings per share.

A number of analysts have commented on the company. Bank of America upgraded L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Wednesday. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada upgraded L3 Technologies from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $202.00 to $159.00 in a research report on Wednesday, December 6th. Stifel Nicolaus restated a “hold” rating and issued a $215.00 price objective on shares of L3 Technologies in a research report on Wednesday, December 6th. Finally, Cowen restated a “buy” rating and issued a $210.00 price objective on shares of L3 Technologies in a research report on Wednesday, December 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $196.44.

L3 Technologies (NYSE LLL) traded up $0.74 on Thursday, reaching $210.73. The company’s stock had a trading volume of 352,781 shares, compared to its average volume of 513,331. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. The stock has a market capitalization of $16,466.86, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.35 and a beta of 1.19. L3 Technologies has a one year low of $147.82 and a one year high of $213.85.

In other news, insider Michael T. Strianese sold 22,545 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 163,637 shares of company stock worth $32,680,618 over the last 90 days. Company insiders own 2.90% of the company’s stock.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new position in L3 Technologies in the second quarter valued at $100,000. Invictus RG acquired a new position in L3 Technologies in the third quarter valued at $135,000. San Francisco Sentry Investment Group CA acquired a new position in L3 Technologies in the second quarter valued at $171,000. Parallel Advisors LLC increased its stake in L3 Technologies by 56.5% in the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after purchasing an additional 347 shares during the last quarter. Finally, NEXT Financial Group Inc increased its stake in L3 Technologies by 53.8% in the third quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock valued at $190,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

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About L3 Technologies

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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