Exelis (XLS) Releases FY12 Earnings Guidance - InvestingChannel

Exelis (XLS) Releases FY12 Earnings Guidance

Exelis (XLS) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.80-1.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.82. The company issued revenue guidance of high end of $5.4-5.5 billion, compared to the consensus revenue estimate of $5.51 billion.

Shares of Exelis (XLS) opened at 11.09 on Wednesday. Exelis (XLS) has a one year low of $8.25 and a one year high of $12.88. The company has a market cap of $2.080 billion and a P/E ratio of 6.73.

Exelis last issued its quarterly earnings data on Friday, November 2nd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Exelis?s revenue was down 11.0% compared to the same quarter last year. Analysts expect that Exelis (XLS) will post $1.84 EPS for the current fiscal year.

A number of analysts have recently weighed in on XLS shares. Analysts at Stifel Nicolaus initiated coverage on shares of Exelis in a research note to investors on Thursday, November 15th. They set a hold rating on the stock. Analysts at Jefferies Group initiated coverage on shares of Exelis in a research note to investors on Monday, October 1st. They set a buy rating and a $13.50 price target on the stock.

Exelis Inc. (Exelis), formerly ITT DCO, Inc. is engaged in the command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR)-related products and systems and information and technical services.