Revenue Update on L-3 Communications Holdings(NYSE:LLL)

L-3 Communications Holdings(NYSE:LLL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.66B. Analysts estimated a revenue of $2.49B. Earnings per share were $1.88. Analysts had estimated an EPS of $1.71.

In a different note, On Jun 13, 2016, Deutsche Bank said it Maintains its rating on L-3 Communications Holdings. In the research note, the firm Raises the price-target to $150.00 per share. The shares have been rated ‘Buy’ by the firm. On May 19, 2016, RBC Capital said it Upgrades its rating on L-3 Communications Holdings. In the research note, the firm Raises the price-target to $137.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 2, 2016, Goldman Sachs said it Upgrades its rating on L-3 Communications Holdings. In the research note, the firm Raises the price-target to $138.00 per share. The shares have been rated ‘Buy’ by the firm.

L-3 Communications Holdings (LLL) made into the market gainers list on Thursdays trading session with the shares advancing 0.26% or 0.39 points. Due to strong positive momentum, the stock ended at $150.51, which is also near the day’s high of $152. The stock began the session at $150.3 and the volume stood at 2,61,272 shares. The 52-week high of the shares is $154.5 and the 52 week low is $101.11. The company has a current market capitalization of $11,625 M and it has 7,72,39,833 shares in outstanding.

L-3 Communications Holdings has also declared a cash dividend of $0.7000 on Jun 21, 2016. The shares will quote ex-dividend on Aug 15, 2016 and the record date has been fixed on Aug 17, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, John S Mega (officer ) sold 7,567 shares at $138.00 per share price.Also, On May 11, 2016, Ralph Dambrosio (SVP and CFO) sold 10,000 shares at $136.25 per share price.On May 5, 2016, Steven M Post (officer ) sold 16,640 shares at $133.96 per share price, according to the Form-4 filing with the securities and exchange commission.

L-3 Communications Holdings Inc. (L-3 Holdings) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence surveillance and reconnaissance (ISR) systems aircraft sustainment (including modifications logistics and maintenance) simulation and training night vision and image intensification equipment enterprise and mission information technology (IT) solutions and cyber operations. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms. It operates in four segments: Electronic Systems Aerospace Systems Communication Systems and National Security Solutions (NSS). Its customers include the United States Department of Defense and its prime contractors the United States Government intelligence agencies the United States Department of Homeland Security foreign Governments and domestic and international commercial customers.

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