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NYSE:HRS

Harris (HRS) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$239.02
$245.60
50-Day Range
$178.15
$207.60
52-Week Range
$123.24
$200.77
Volume
1.63 million shs
Average Volume
1.29 million shs
Market Capitalization
$28.74 billion
P/E Ratio
37.43
Dividend Yield
1.13%
Price Target
N/A

Harris MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.16
Upright™ Environmental Score
News Sentiment
0.00mentions of Harris in the last 14 days
Based on 150 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.43%
From $8.15 to $9.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.72 out of 5 stars

Computer And Technology Sector

563rd out of 612 stocks

Search & Navigation Equipment Industry

9th out of 11 stocks

HRS stock logo

About Harris Stock (NYSE:HRS)

Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios. The company also offers vision-enhancing products; wireless communications systems; and Internet protocol based voice and data communications systems, as well as single-band land mobile radio terminals and multiband radios comprising a handheld radio and a full-spectrum mobile radio for vehicles. In addition, it provides electronic warfare, avionics, command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions for defense and classified customers; and mission-critical communication systems for civil and military aviation and other customers. Further, the company offers intelligence, space protection, geospatial, earth observation, exploration, positioning, navigation and timing, and environmental solutions using advanced sensors, antennas, and payloads, as well as ground processing and information analytics for national security, defense, civil and commercial customers. Harris Corporation was founded in 1895 and is headquartered in Melbourne, Florida.

HRS Stock News Headlines

A woman shops at a retail store in Schaumburg, Ill
Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall
Janet Jarrett shows a photo of her sister, Pamela Jarrett, she keeps on her phone at the home they …
Heat-related Texas deaths climb after Beryl left millions without power for days or longer
A rising number of heat-related deaths in Texas among residents who lost power during Hurricane Beryl has pushed the number of storm fatalities to at least 23
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People walk past the Fiserv Forum ahead of the 2024 Republican National Convention, Thursday, July …
With GOP convention over, Milwaukee weighs the benefits of hosting political rivals
Deep-blue Milwaukee’s downtown turned red as thousands of Republican National Convention delegates and other party stalwarts gathered to formally rally behind Donald Trump as their candidate for president in the pivotal swing state
A logging truck drives on the Interstate 5 bridge that spans the Columbia River and connects Portla…
Aging bridges in 16 states will be improved or replaced with the help of $5B in federal funding
Federal transportation officials are providing $5 billion to replace or improve aging bridges in 16 states
A television camera operator is seen during the Republican National Convention Tuesday, July 16, 20…
In a media world that loves sharp lines, discussions of the Trump shooting follow a predictable path
Authorities haven't established why a 20-year-old Pennsylvania man attempted to assassinate former President Trump last week
Land-based wind turbines turn in Atlantic City, N
US gives key approval to Atlantic Shores offshore wind farm in New Jersey
The U.S. Interior Department has approved the proposed Atlantic Shores offshore wind farm in New Jersey
Republican presidential candidate former President Donald Trump speaks during a presidential debate…
Trump's debate references to 'Black jobs' and 'Hispanic jobs' stir Democratic anger
Donald Trump's warning during his debate with Joe Biden that immigrants are taking “Black jobs" and “Hispanic jobs” prompted outrage from Democrats and Black leaders who found the language vague and racially discriminatory
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This key unlocks a new pathway to wealth that has been kept hidden from you for decades. In my new documentary I will provide you with all the details of this one-of-a-kind investment.
Udemy renews San Francisco headquarters lease
How Harris turned the tables on Trump
See More Headlines
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Company Calendar

Last Earnings
10/14/2018
Today
7/26/2024

Industry, Sector and Symbol

Industry
Search & Navigation Equipment
Sub-Industry
Communications Equipment
CUSIP
41387510
Fax
N/A
Employees
17,500
Year Founded
N/A

Profitability

Net Income
$718 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$6.18 billion
Cash Flow
$11.35 per share
Book Value
$27.98 per share

Miscellaneous

Free Float
N/A
Market Cap
$28.74 billion
Optionable
Not Optionable
Beta
0.98
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Key Executives

  • Mr. William M. Brown (Age 56)
    Chairman, Pres & CEO
  • Mr. Rahul Ghai (Age 47)
    Sr. VP & CFO
  • Mr. Sheldon J. Fox (Age 60)
    Sr. VP of Operations & Information Technology
  • Mr. Scott T. Mikuen (Age 57)
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Dana A. Mehnert (Age 57)
    Pres of Communication Systems

Should I Buy Harris Stock? HRS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Harris Co.:

  • Harris Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's focus on providing technology-based solutions for government and commercial customers in mission-critical areas ensures a stable and diversified revenue stream.
  • Recent product innovations in communication systems, electronic systems, and space and intelligence systems have positioned Harris Co. as a leader in the industry.
  • With the current stock price showing an upward trend, there is potential for capital appreciation for investors.
  • Harris Co.'s strong presence in the search & navigation equipment industry, particularly in communications equipment, offers a competitive advantage and growth opportunities.

Cons

Investors should be bearish about investing in Harris Co. for these reasons:

  • Market volatility and geopolitical uncertainties could impact Harris Co.'s operations and financial performance.
  • Dependency on government contracts for a significant portion of revenue exposes the company to risks associated with government budget cuts or changes in procurement policies.
  • Intense competition in the communications equipment sector may put pressure on Harris Co.'s market share and margins.
  • Fluctuations in raw material prices and supply chain disruptions could affect the company's production costs and profitability.
  • Regulatory changes or compliance issues in the defense and technology sectors could pose challenges for Harris Co.'s business operations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 1, 2024. Please send any questions or comments about these Harris pros and cons to contact@marketbeat.com.

HRS Stock Analysis - Frequently Asked Questions

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) posted its earnings results on Sunday, October, 14th. The communications equipment provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The company's quarterly revenue was up 9.4% compared to the same quarter last year.

What other stocks do shareholders of Harris own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harris investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), NIC (EGOV) and Aegean Marine Petroleum Network (ANW).

This page (NYSE:HRS) was last updated on 7/27/2024 by MarketBeat.com Staff

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