L-3 Communications Holdings Inc. (NYSE:LLL) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $8.25-8.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.14, Analyst Ratings News reports. The company issued revenue guidance of $12.5-12.6 billion, compared to the consensus revenue estimate of $12.57 billion.
Shares of L-3 Communications Holdings Inc. (NYSE:LLL) opened at 97.10 on Tuesday. L-3 Communications Holdings Inc. has a 1-year low of $71.37 and a 1-year high of $94.75. The stock has a 50-day moving average of $92.35 and a 200-day moving average of $85.87. The company has a market cap of $8.699 billion and a P/E ratio of 11.62.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts predict that L-3 Communications Holdings Inc. will post $8.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, November 14th.
A number of analysts have recently weighed in on LLL shares. Analysts at Barclays raised their price target on shares of L-3 Communications Holdings from $95.00 to $97.00 in a research note to investors on Monday, October 14th. They now have an equal weight rating on the stock. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of L-3 Communications Holdings in a research note to investors on Wednesday, September 25th. They now have a $105.00 price target on the stock, up previously from $102.00. Finally, analysts at Zacks reiterated a neutral rating on shares of L-3 Communications Holdings in a research note to investors on Monday, September 16th. They now have a $99.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $90.27.
L-3 Communications Holdings, Inc (NYSE:LLL) is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.
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