L3 Technologies Inc (NYSE:LLL) – Analysts at SunTrust Banks decreased their FY2020 earnings estimates for L3 Technologies in a research note issued on Wednesday, January 30th. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings per share of $13.10 for the year, down from their prior forecast of $13.15. SunTrust Banks has a “Buy” rating and a $268.00 price objective on the stock.

A number of other brokerages have also recently issued reports on LLL. Credit Suisse Group raised their target price on shares of L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a report on Monday, October 15th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Cowen reissued a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a report on Tuesday. Zacks Investment Research cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Vertical Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $228.90.

Shares of NYSE LLL opened at $198.25 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. L3 Technologies has a 52-week low of $158.76 and a 52-week high of $223.73. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26.

L3 Technologies (NYSE:LLL) last issued its earnings results on Tuesday, January 29th. The aerospace company reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.44. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter last year, the company posted $2.25 earnings per share. L3 Technologies’s revenue was up 7.7% on a year-over-year basis.

Large investors have recently made changes to their positions in the business. IMS Capital Management acquired a new stake in shares of L3 Technologies in the third quarter valued at approximately $43,000. CX Institutional acquired a new stake in shares of L3 Technologies in the fourth quarter valued at approximately $94,000. River Wealth Advisors LLC increased its stake in shares of L3 Technologies by 16.1% in the fourth quarter. River Wealth Advisors LLC now owns 540 shares of the aerospace company’s stock valued at $94,000 after purchasing an additional 75 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of L3 Technologies in the third quarter valued at approximately $122,000. Finally, Point72 Hong Kong Ltd increased its stake in shares of L3 Technologies by 2,067.9% in the third quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 579 shares during the period. Institutional investors own 79.78% of the company’s stock.

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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Earnings History and Estimates for L3 Technologies (NYSE:LLL)

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