Stock to Keep Your Eyes on: L3 Technologies, Inc. (LLL)

On Tuesday, L3 Technologies, Inc. (LLL) shares price traded between $193.29 and $195.80 during the last trading session above with +0.51 percent at $193.63. The shares recorded a trading volume 392,821 share as compared to its average volume of 758,960 shares. The company has 78.48 Million shares outstanding and market value of 15.196 Billion. Over the one year trading period, the stock has a peak price of $218.71 and its down is recorded at $167.12. The short ratio in the stock is 3.02 and the short float is around of 4.39%.

L3 Technologies, Inc. (LLL) recently stated diluted earnings per share (Earning per Share) from continuing operations of $2.34 for the quarter ended March 30, 2018 (2018 1st quarter) contrast to diluted EPS from continuing operations for the quarter ended March 31, 2017 (2017 first quarter) of $1.93. Net sales of $2,371M for the 2018 1st quarter rose by 2 percent contrast to the 2017 1st quarter.

1st Quarter Results of Operations: For the 2018 1st quarter, consolidated net sales of $2,371M raised $50M, or 2%, contrast to the 2017 1st quarter. Organic sales(1) raised by $39M, or 2 percent, to $2,350M for the 2018 1st quarter. Organic sales exclude $21M of sales raises related to business acquisitions and $10M of sales declines related to business divestitures. For the 2018 1st quarter, organic sales to the U.S. Government raised $18M, or 1 percent, to $1,638M and organic sales to international and commercial consumers raised $21M, or 3 percent, to $712M.

Operating income for the 2018 1st quarter raised by $14M contrast to the 2017 first quarter. Operating income as a percentage of sales (operating margin) raised by 40 basis points to 10.6 percent for the 2018 1st quarter, contrast to 10.2 percent for the 2017 first quarter. Operating margin raised 90 basis points Because of improved contract performance primarily for the Electronic Systems and Aerospace Systems sections and 30 basis points Because of lower severance and restructuring costs, primarily at Communication Systems. These raises were partially offset by 60 basis points primarily Because of higher research and development costs and 20 basis points Because of lower margins related to acquisitions primarily for the Sensor Systems section. See the reportable section results below for additional discussion of sales and operating margin trends.

The effective tax rate for the 2018 1st quarter reduced to 11.1 percent from 21.1 percent for the 2017 1st quarter. The decrease was primarily driven by a raise in tax benefits from equity compensation and the reduction of the U.S. corporate income tax rate enacted under the U.S. Tax Cuts and Jobs Act.

Orders: Funded orders for the 2018 first quarter raised 10 percent to $2,636M contrast to $2,389M for the 2017 first quarter. The book-to-bill ratio was 1.11x for the 2018 1st quarter. Funded backlog raised 3 percent to $8,774M at March 30, 2018, contrast to $8,493M at December 31, 2017.

(LLL) has price-to-cash ratio of 40.49 and price to sale ratio of 1.63. The company net profit margin is 7.70 percent and gross profit margin is 15.30 percent. The stock price is going above to its 52 week low with 15.86 percent and lagging behind from its 52 week high with -11.47 percent. Analyst recommendation for this stock stands at 1.90.


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