L-3 Communications Holdings, Inc. (LLL) Releases FY17 Earnings Guidance

Xavier Trudeau
Août 8, 2017

Parallel Advisors LLC now owns 614 shares of the aerospace company's stock valued at $103,000 after buying an additional 27 shares during the last quarter.

A number of institutional investors have recently bought and sold shares of CNSL. Finally, Wealth Architects LLC purchased a new stake in shares of PayPal Holdings during the first quarter valued at about $310,000. State Street Corp now owns 3,677,881 shares of the aerospace company's stock valued at $607,919,000 after buying an additional 132,410 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Consolidated Communications Holdings during the first quarter worth about $100,000. Mitsubishi UFJ Kokusai Asset Management Co. State of Alaska Department of Revenue raised its position in Consolidated Communications Holdings by 2.0% in the first quarter. Alliancebernstein L.P. owned approximately 0.16% of Consolidated Communications Holdings worth $1,873,000 at the end of the most recent quarter. BlackRock Inc. now owns 5,420,436 shares of the aerospace company's stock valued at $895,943,000 after buying an additional 5,263,373 shares during the period. Hanson McClain Inc. now owns 12,383 shares of the utilities provider's stock worth $290,000 after buying an additional 34 shares during the period. BidaskClub cut Consolidated Communications Holdings from a "buy" rating to a "hold" rating in a report on Tuesday, July 11th. (NYSE:LLL) opened at 176.00 on Monday. 1,134,264 shares of the stock were exchanged. L-3 Communications Holdings, Inc. has a 12 month low of $132.38 and a 12 month high of $180.73. The firm has a market capitalization of $13.79 billion, a P/E ratio of 19.87 and a beta of 1.15. The firm has a 50-day moving average of $170.97 and a 200-day moving average of $166.60.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.03. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the firm posted $0.20 earnings per share. L-3 Communications Holdings's quarterly revenue was up 2.6% compared to the same quarter previous year. Equities research analysts anticipate that Consolidated Communications Holdings will post $0.57 EPS for the current fiscal year.

L-3 Communications Holdings declared that its board has authorized a share buyback plan on Tuesday, May 9th that authorizes the company to buyback $1.50 billion in outstanding shares. This repurchase authorization allows the aerospace company to purchase up to 11.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, August 17th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.70%. Consolidated Communications Holdings presently has an average rating of "Hold" and an average price target of $25.60.

TRADEMARK VIOLATION NOTICE: "APG Asset Management N.V. Has $41,769,000 Stake in L-3 Communications Holdings, Inc. (NYSE:LLL)" was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another publication, it was stolen and republished in violation of U.S. and global trademark and copyright laws. The original version of this story can be viewed at https://transcriptdaily.com/2017/08/07/paypal-holdings-inc-nasdaqpypl-position-cut-by-skandinaviska-enskilda-banken-ab-publ.html. Stifel Nicolaus restated a "hold" rating and issued a $175.00 price target (up from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Zacks Investment Research lowered shares of Consolidated Communications Holdings from a "hold" rating to a "sell" rating in a research report on Tuesday, May 30th. Jefferies Group LLC reiterated a "buy" rating and issued a $52.00 target price on shares of PayPal Holdings in a research note on Friday, April 28th. Finally, Raymond James Financial, Inc. raised shares of Consolidated Communications Holdings from an "outperform" rating to a "strong-buy" rating and set a $26.00 target price on the stock in a research report on Friday, June 9th. Jefferies Group LLC reiterated a "hold" rating and issued a $170.00 price target (up from $160.00) on shares of L-3 Communications Holdings in a report on Saturday, April 29th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company.

In other news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 95,852 shares of company stock worth $5,653,198. Insiders own 2.90% of the company's stock.

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.

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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