L-3 Communications Holdings (NYSE:LLL) Receiving Somewhat Favorable Press Coverage, Accern Reports

Media coverage about L-3 Communications Holdings (NYSE:LLL) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. L-3 Communications Holdings earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

LLL has been the subject of a number of analyst reports. Deutsche Bank AG lifted their price objective on shares of L-3 Communications Holdings from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Cowen and Company reissued a “buy” rating and issued a $185.00 price objective on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Drexel Hamilton raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) raised shares of 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. Finally, Barclays PLC downgraded shares of L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $165.00 to $175.00 in a report on Monday, May 1st. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. L-3 Communications Holdings has an average rating of “Buy” and a consensus target price of $182.08.

Shares of L-3 Communications Holdings (NYSE:LLL) traded up 1.99% during trading on Wednesday, hitting $181.73. 987,327 shares of the stock traded hands. L-3 Communications Holdings has a 1-year low of $132.38 and a 1-year high of $182.15. The stock has a 50-day moving average of $171.61 and a 200 day moving average of $166.79. The company has a market cap of $14.21 billion, a P/E ratio of 20.49 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the company earned $1.88 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that L-3 Communications Holdings will post $8.88 EPS for the current fiscal year.

L-3 Communications Holdings announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 9th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the aerospace company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is currently 33.82%.

In other news, Chairman Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $169.02, for a total value of $3,810,893.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 67,641 shares of company stock valued at $11,511,371. Corporate insiders own 2.90% of the company’s stock.

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L-3 Communications Holdings Company Profile

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.

Insider Buying and Selling by Quarter for L-3 Communications Holdings (NYSE:LLL)

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