Barclays Maintains an 'Equalweight' on L-3 Communications (LLL); Lowering FY13 Estimates
Get Alerts LLL Hot Sheet
Price: $0.84 --0%
Rating Summary:
12 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
12 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on L-3 Communications (NYSE: LLL) price target of $78.00.
Analyst, Carter Copeland, said, "We've updated our LLL 2013 and out-year earnings estimates, adjusting them for the Engility spin and other below-the-line changes (namely a higher share count from less aggressive repurchase assumptions). Our 2013 EPS estimate is now lowered to $8.45 (from $8.90). Our full-year 2012 EPS estimate of $7.85 remains unchanged (we had previously adjusted our 2012 estimate following LLL's Q2 earnings)."
All in, Copeland like L-3's business mix and attitude to pursue accretive acquisitions, but current 2013 valuation (5.9x) vs. peers (4.8x), keeps him sidelined.
For an analyst ratings summary and ratings history on L-3 Communications click here. For more ratings news on L-3 Communications click here.
Shares of L-3 Communications closed at $69.54 yesterday.
Analyst, Carter Copeland, said, "We've updated our LLL 2013 and out-year earnings estimates, adjusting them for the Engility spin and other below-the-line changes (namely a higher share count from less aggressive repurchase assumptions). Our 2013 EPS estimate is now lowered to $8.45 (from $8.90). Our full-year 2012 EPS estimate of $7.85 remains unchanged (we had previously adjusted our 2012 estimate following LLL's Q2 earnings)."
All in, Copeland like L-3's business mix and attitude to pursue accretive acquisitions, but current 2013 valuation (5.9x) vs. peers (4.8x), keeps him sidelined.
For an analyst ratings summary and ratings history on L-3 Communications click here. For more ratings news on L-3 Communications click here.
Shares of L-3 Communications closed at $69.54 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
- Blue Foundry Bancorp (BLFY) Tops Q1 EPS by 9c
- QNB Corp. (QNBC) Reports Q1 EPS of $0.71
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!