L3Harris Technologies (LHX) to Release Quarterly Earnings on Thursday

L3Harris Technologies (NYSE:LHX - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $2.88 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Friday, January 26th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.31 by $0.04. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.28 billion. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.27 earnings per share. On average, analysts expect L3Harris Technologies to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

L3Harris Technologies Stock Up 0.4 %

Shares of NYSE:LHX traded up $0.75 during midday trading on Thursday, hitting $202.15. 683,570 shares of the company's stock were exchanged, compared to its average volume of 1,122,904. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.82. The stock has a 50 day moving average price of $210.54 and a 200-day moving average price of $199.59. The company has a market cap of $38.43 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.65. L3Harris Technologies has a 12 month low of $160.25 and a 12 month high of $218.34.

L3Harris Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from L3Harris Technologies's previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 2.30%. L3Harris Technologies's payout ratio is presently 72.05%.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, Director William H. Swanson bought 1,250 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $215.35 per share, with a total value of $269,187.50. Following the acquisition, the director now owns 1,543 shares in the company, valued at $332,285.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other L3Harris Technologies news, insider Edward J. Zoiss sold 3,707 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total value of $783,919.29. Following the sale, the insider now owns 28,644 shares of the company's stock, valued at approximately $6,057,346.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William H. Swanson bought 1,250 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $215.35 per share, with a total value of $269,187.50. Following the completion of the transaction, the director now owns 1,543 shares in the company, valued at approximately $332,285.05. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 48,362 shares of company stock valued at $10,261,360. Insiders own 0.82% of the company's stock.

Institutional Investors Weigh In On L3Harris Technologies

Several institutional investors and hedge funds have recently modified their holdings of LHX. Cowa LLC purchased a new stake in shares of L3Harris Technologies in the 1st quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of L3Harris Technologies in the 1st quarter worth about $27,000. First Capital Advisors Group LLC. purchased a new stake in shares of L3Harris Technologies in the 2nd quarter worth about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of L3Harris Technologies in the 2nd quarter worth about $30,000. Finally, Clear Street Markets LLC lifted its position in shares of L3Harris Technologies by 19,100.0% in the 4th quarter. Clear Street Markets LLC now owns 192 shares of the company's stock worth $40,000 after purchasing an additional 191 shares during the period. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LHX has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of L3Harris Technologies from $250.00 to $238.00 and set an "overweight" rating for the company in a research report on Tuesday, January 30th. Raymond James upped their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, January 29th. Citigroup upped their price target on shares of L3Harris Technologies from $238.00 to $245.00 and gave the company a "buy" rating in a research note on Tuesday, February 13th. TheStreet upgraded shares of L3Harris Technologies from a "c+" rating to a "b-" rating in a research note on Thursday, December 21st. Finally, StockNews.com cut shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $229.00.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.