News articles about L3 Technologies (NYSE:LLL) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. L3 Technologies earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 44.7813947735274 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of L3 Technologies stock traded up $1.44 during trading hours on Tuesday, hitting $214.09. 214,426 shares of the company’s stock traded hands, compared to its average volume of 654,566. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.87 and a quick ratio of 1.71. The company has a market capitalization of $16,452.06, a PE ratio of 25.17, a P/E/G ratio of 2.66 and a beta of 1.21. L3 Technologies has a twelve month low of $159.43 and a twelve month high of $218.71.
L3 Technologies (NYSE:LLL) last announced its earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $2.38 earnings per share. equities analysts expect that L3 Technologies will post 9.55 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “buy” rating and set a $229.00 price target for the company in a report on Wednesday, March 28th. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $250.00 price target on shares of L3 Technologies in a report on Wednesday, January 24th. Bank of America upgraded L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, January 17th. Finally, SunTrust Banks increased their price target on L3 Technologies to $253.00 and gave the company a “buy” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $224.50.
In related news, Director Thomas A. Corcoran sold 1,546 shares of L3 Technologies stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $207.40, for a total value of $320,640.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael T. Strianese sold 39,515 shares of L3 Technologies stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $209.53, for a total value of $8,279,577.95. The disclosure for this sale can be found here. Insiders have sold 477,498 shares of company stock valued at $99,447,971 over the last 90 days. Insiders own 2.40% of the company’s stock.
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L3 Technologies Company Profile
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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