Harris Corporation Company Profile (NYSE:HRS)

About Harris Corporation

Harris Corporation logoHarris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Communication Equipment
  • Sub-Industry: Communications Equipment
  • Exchange: NYSE
  • Symbol: HRS
  • CUSIP: 41387510
Key Metrics:
  • Previous Close: $109.84
  • 50 Day Moving Average: $104.10
  • 200 Day Moving Average: $98.01
  • 52-Week Range: $73.32 - $111.20
  • Trailing P/E Ratio: 20.89
  • Foreward P/E Ratio: 18.12
  • P/E Growth: 0.48
  • Market Cap: $13.73B
  • Outstanding Shares: 124,461,000
  • Beta: 1.27
Profitability:
  • Net Margins: 9.15%
  • Return on Equity: 22.73%
  • Return on Assets: 6.07%
Debt:
  • Debt-to-Equity Ratio: 1.29%
  • Current Ratio: 1.57%
  • Quick Ratio: 0.97%
Additional Links:
Companies Related to Harris Corporation:

Analyst Ratings

Consensus Ratings for Harris Corporation (NYSE:HRS) (?)
Ratings Breakdown: 9 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $101.14 (8.96% downside)

Analysts' Ratings History for Harris Corporation (NYSE:HRS)
Show:
DateFirmActionRatingPrice TargetDetails
11/7/2016Seaport Global SecuritiesInitiated CoverageBuy$105.00View Rating Details
11/7/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$107.00View Rating Details
10/28/2016Vertical ResearchInitiated CoverageBuy$100.00View Rating Details
9/6/2016Citigroup Inc.Lower Price TargetBuy$112.00 -> $95.00View Rating Details
8/3/2016J P Morgan Chase & CoSet Price TargetBuy$93.00View Rating Details
8/3/2016Jefferies Group LLCReiterated RatingBuy$95.00 -> $100.00View Rating Details
6/17/2016Drexel HamiltonReiterated RatingBuyView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyView Rating Details
4/12/2016Goldman Sachs Group, Inc. (The)Boost Price TargetBuy$102.00 -> $108.00View Rating Details
1/4/2016Barclays PLCReiterated RatingBuy$97.00 -> $105.00View Rating Details
11/4/2015Royal Bank of CanadaBoost Price TargetOutperform$90.00 -> $97.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Harris Corporation (NYSE:HRS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/2/2017Q217$1.38$1.42$1.77 billion$1.70 billionViewListenView Earnings Details
11/1/2016Q117$1.34$1.39$1.74 billion$1.75 billionViewN/AView Earnings Details
8/2/2016Q416$1.44$1.45$1.94 billion$1.90 billionViewN/AView Earnings Details
5/3/2016Q316$1.39$1.45$1.92 billion$1.91 billionViewN/AView Earnings Details
2/2/2016Q216$1.36$1.49$1.89 billion$1.84 billionViewN/AView Earnings Details
11/3/2015Q116$1.31$1.31$1.85 billion$1.81 billionViewN/AView Earnings Details
8/7/2015Q415$1.21$1.32$1.24 billion$1.53 billionViewN/AView Earnings Details
5/5/2015Q315$1.23$1.32$1.21 billion$1.27 billionViewN/AView Earnings Details
2/6/2015Q215$1.18$1.32$1.18 billion$1.21 billionViewN/AView Earnings Details
10/28/2014Q115$1.10$1.18$1.15 billion$1.16 billionViewN/AView Earnings Details
7/29/2014Q414$1.28$1.41$1.30 billion$1.33 billionViewN/AView Earnings Details
4/29/2014Q314$1.19$1.27$1.23 billion$1.27 billionViewN/AView Earnings Details
1/27/2014Q214$1.18$1.27$1.24 billion$1.22 billionViewN/AView Earnings Details
10/29/2013Q114$1.13$1.18$1.22 billion$1.19 billionViewN/AView Earnings Details
7/30/2013Q4 2013$1.15$1.41$1.31 billion$1.36 billionViewN/AView Earnings Details
4/30/2013Q3 2013$1.12$1.42$1.21 billion$1.20 billionViewN/AView Earnings Details
1/29/2013Q2 2013$1.20$1.24$1.31 billion$1.31 billionViewN/AView Earnings Details
10/29/2012Q113$1.12$1.14$1.29 billion$1.26 billionViewN/AView Earnings Details
7/31/2012$1.42$1.42ViewN/AView Earnings Details
5/1/2012$1.34$1.39ViewN/AView Earnings Details
1/31/2012$1.19$1.22ViewN/AView Earnings Details
10/26/2011$1.05$1.06ViewN/AView Earnings Details
8/2/2011$1.24$1.24ViewN/AView Earnings Details
5/3/2011$1.15$1.16ViewN/AView Earnings Details
1/26/2011$1.11$1.20ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Harris Corporation (NYSE:HRS)
Current Year EPS Consensus Estimate: $5.55 EPS
Next Year EPS Consensus Estimate: $6.13 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$1.38$1.43$1.41
Q2 20162$1.57$1.66$1.62
Q3 20162$1.37$1.38$1.38
Q4 20161$1.45$1.45$1.45
Q1 20171$1.36$1.36$1.36
Q2 20172$1.34$1.41$1.38
Q3 20172$1.31$1.44$1.38
Q4 20172$1.36$1.60$1.48
Q1 20181$1.43$1.43$1.43
Q2 20181$1.53$1.53$1.53
Q3 20181$1.73$1.73$1.73
Q4 20181$1.71$1.71$1.71
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Harris Corporation (NYSE:HRS)
Annual Dividend:$2.12
Dividend Yield:1.91%
Dividend Growth:9.20% (3 Year Average)
Payout Ratio:40.08% (Based on Trailing 12 Months of Earnings)
38.20% (Based on Current Year Consensus EPS Estimate)
34.58% (Based on Next Year Consensus EPS Estimate)
Track Record:15 Years of Consecutive Dividend Growth

Dividend History for Harris Corporation (NYSE:HRS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/28/2016quarterly$0.532.38%11/16/201611/18/201612/6/2016
8/29/2016quarterly$0.532.29%9/7/20169/9/20169/21/2016
4/22/2016quarterly$0.502.54%5/27/20166/1/20166/13/2016
2/26/2016quarterly$0.502.56%3/8/20163/10/20163/21/2016
10/23/2015quarterly$0.502.65%11/17/201511/19/201512/4/2015
8/28/2015quarterly$0.502.6%9/9/20159/11/20159/24/2015
4/24/2015quarterly$0.472.32%5/20/20155/22/20156/12/2015
2/27/2015quarterly$0.472.39%3/6/20153/10/20153/23/2015
10/24/2014quarterly$0.472.77%11/18/201411/20/201412/5/2014
8/25/2014quarterly$0.472.64%9/5/20149/9/20149/23/2014
4/25/2014quarterly$0.422.35%5/28/20145/30/20146/13/2014
2/28/2014quarterly$0.422.28%3/7/20143/11/20143/21/2014
10/25/2013quarterly$0.422.83%11/19/201311/21/201312/6/2013
8/26/2013quarterly$0.422.95%9/6/20139/10/20139/24/2013
4/26/2013quarterly$0.373.32%5/29/20135/31/20136/14/2013
2/22/2013quarterly$0.373.14%3/5/20133/7/20133/20/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Harris Corporation (NYSE:HRS)
Insider Ownership Percentage: 1.71%
Institutional Ownership Percentage: 83.24%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/9/2017James F AlbaughDirectorBuy1,000$104.99$104,990.00View SEC Filing  
2/8/2017Robert L DuffySVPSell21,050$105.51$2,220,985.50View SEC Filing  
2/3/2017Dana A MehnertSVPSell99,400$104.64$10,401,216.00View SEC Filing  
11/3/2016Edward J ZoissInsiderSell1,884$92.99$175,193.16View SEC Filing  
9/6/2016William H GattleInsiderSell1,366$93.75$128,062.50View SEC Filing  
8/8/2016Sheldon J FoxSVPSell17,700$88.02$1,557,954.00View SEC Filing  
8/4/2016Dana A MehnertSVPSell27,000$88.02$2,376,540.00View SEC Filing  
8/2/2016Scott T MikuenSVPSell9,400$88.00$827,200.00View SEC Filing  
6/10/2016Dana A MehnertSVPSell100$82.00$8,200.00View SEC Filing  
6/8/2016Dana A MehnertSVPSell6,600$82.03$541,398.00View SEC Filing  
11/16/2015Scott T. MikuenSVPSell8,800$80.00$704,000.00View SEC Filing  
6/15/2015Sheldon J FoxInsiderSell11,891$77.80$925,119.80View SEC Filing  
6/11/2015Dana A MehnertInsiderSell48,700$78.67$3,831,229.00View SEC Filing  
11/25/2014Lewis A SchwartzVPSell47,400$72.01$3,413,274.00View SEC Filing  
10/1/2014David B RickardDirectorSell4,228$66.34$280,485.52View SEC Filing  
10/1/2014Lewis A SchwartzVPSell18,401$66.23$1,218,698.23View SEC Filing  
8/1/2014Dana A MehnertInsiderSell33,770$68.43$2,310,881.10View SEC Filing  
3/5/2014Lewis Hay IIIDirectorSell4,228$74.62$315,493.36View SEC Filing  
2/19/2014Scott MikuenSVPSell30,716$72.57$2,229,060.12View SEC Filing  
2/7/2014Sheldon FoxInsiderSell9,724$70.63$686,806.12View SEC Filing  
12/13/2013James StoffelDirectorSell3,706$65.71$243,521.26View SEC Filing  
12/2/2013Stephen KaufmanDirectorSell4,228$64.48$272,621.44View SEC Filing  
11/5/2013Gary McarthurVPSell71,346$62.19$4,437,007.74View SEC Filing  
11/4/2013Lewis A SchwartzVPSell23,330$61.70$1,439,461.00View SEC Filing  
9/24/2013David RickardDirectorSell4,228$57.79$244,336.12View SEC Filing  
9/12/2013Scott MikuenSVPSell11,067$58.16$643,656.72View SEC Filing  
9/11/2013Stephen KaufmanDirectorSell1,057$57.82$61,115.74View SEC Filing  
8/2/2013Dana A MehnertInsiderSell6,183$56.70$350,576.10View SEC Filing  
5/16/2013Lewis Hay IIIDirectorSell4,228$50.00$211,400.00View SEC Filing  
8/22/2012David B RickardDirectorSell4,228$46.12$194,995.36View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Harris Corporation (NYSE:HRS)
DateHeadline
News IconAnalyst's Indicator Review for Harris Corporation (HRS), Cummins Inc. (CMI) - The USA Commerce (NYSE:HRS)
theusacommerce.com - February 24 at 10:36 AM
News IconHarris celebrates National Engineers Week (NYSE:HRS)
www.financial-news.co.uk - February 23 at 5:44 PM
cnbc.com logoOp-Ed: A 7-point plan to fix Obamacare's biggest problem (NYSE:HRS)
www.cnbc.com - February 23 at 12:47 PM
News IconHarris' Smallest, Lightest and Fastest Wideband Manpack Radio System (This Falcon Flies) (NYSE:HRS)
satnews.com - February 23 at 3:58 AM
News IconAmazon Offers $8.62 Off Orders of $50 or More Today - PC Magazine (NYSE:HRS)
www.pcmag.com - February 22 at 1:06 PM
News IconNew RF-300H Wideband Manpack Radio System Launched (NYSE:HRS)
www.asdnews.com - February 22 at 12:48 PM
News IconHarris Corporation celebrates National Engineers Week (NYSE:HRS)
www.financial-news.co.uk - February 22 at 12:48 PM
News IconCommunication Equipment: Harris Corporation (NYSE:HRS) Position of the day (NYSE:HRS)
twincountynews.com - February 22 at 12:48 PM
finance.yahoo.com logoHarris Corporation Launches New RF-300H Wideband Manpack Radio System (NYSE:HRS)
finance.yahoo.com - February 22 at 12:48 PM
finance.yahoo.com logoHarris Corporation Becomes Signatory of WOMEN ACHIEVE Program (NYSE:HRS)
finance.yahoo.com - February 22 at 12:48 PM
fortune.com logoAmazon Is Running a Limited Time Coupon Code to Thank Customers - Fortune (NYSE:HRS)
fortune.com - February 22 at 11:39 AM
feeds.benzinga.com logo"Kids World" Brings Tomorrow's Leaders (NYSE:HRS)
feeds.benzinga.com - February 22 at 1:03 AM
nasdaq.com logoHarris Corp. Wins $189 Mln UAE Battlefield Management System Contract (NYSE:HRS)
www.nasdaq.com - February 20 at 5:14 PM
businesswire.com logoHarris Corporation EWeek Celebration Honors Spirit of Innovation - Business Wire (press release) (NYSE:HRS)
www.businesswire.com - February 20 at 5:14 PM
businesswire.com logoHarris Corporation Receives $189 Million UAE Battlefield Management System Contract - Business Wire (press release) (NYSE:HRS)
www.businesswire.com - February 20 at 5:14 PM
finance.yahoo.com logoHarris Corporation EWeek Celebration Honors Spirit of Innovation (NYSE:HRS)
finance.yahoo.com - February 20 at 5:14 PM
finance.yahoo.com logoHarris Corporation Receives $189 Million UAE Battlefield Management System Contract (NYSE:HRS)
finance.yahoo.com - February 20 at 10:46 AM
feeds.benzinga.com logoCannabis Industry Deals Show Aggregation And Development Of Non-Recreational Brands: 'It's A More Synergistic Approach' (NYSE:HRS)
feeds.benzinga.com - February 18 at 6:27 PM
bizjournals.com logoIndustry roundup: Lockheed Martin, Harris Corp., General Dynamics net local defense contracts totaling $1.1B - Orlando Business Journal (NYSE:HRS)
www.bizjournals.com - February 18 at 7:07 AM
seekingalpha.com logoHarris to support Turkey's air traffic control - Seeking Alpha (NYSE:HRS)
seekingalpha.com - February 17 at 3:24 PM
News IconDividend Growth of Harris Corporation(HRS) - Highland Mirror (NYSE:HRS)
www.highlandmirror.com - February 17 at 3:24 PM
bizjournals.com logoIndustry roundup: Lockheed Martin, Harris Corp., General Dynamics net local defense contracts totaling $1.1B (NYSE:HRS)
www.bizjournals.com - February 17 at 3:24 PM
4-traders.com logoHarris Corporation : Helps Tallahassee Team Compete in the Florida Astronaut Challenge Finals (NYSE:HRS)
www.4-traders.com - February 17 at 12:46 PM
finance.yahoo.com logoHarris Corporation Helps Tallahassee Team Compete in the Florida Astronaut Challenge Finals (NYSE:HRS)
finance.yahoo.com - February 17 at 12:46 PM
feeds.benzinga.com logoConcurrent Technologies Corporation Board of Directors Elects Two New Board Members (NYSE:HRS)
feeds.benzinga.com - February 17 at 11:12 AM
4-traders.com logoHarris Corporation : Top Stock from Technology Sector (NYSE:HRS)
www.4-traders.com - February 16 at 5:40 PM
us.rd.yahoo.com logoHarris Corporation to Showcase Connected Battlefield Technologies at IDEX 2017 (NYSE:HRS)
us.rd.yahoo.com - February 16 at 5:40 PM
uk.finance.yahoo.com logoHarris Corporation to Provide Turkey with Advanced Air Traffic Management Communication System (NYSE:HRS)
uk.finance.yahoo.com - February 16 at 5:40 PM
seekingalpha.com logoHarris to support Turkey's air traffic control (NYSE:HRS)
seekingalpha.com - February 16 at 10:34 AM
News IconHarris Corporation Awarded $403M IDIQ Contract To Continue Communications Support To The US Army (NYSE:HRS)
www.rfglobalnet.com - February 15 at 12:07 AM
cnbc.com logoHarrison Ford has incident with passenger plane at airport (NYSE:HRS)
www.cnbc.com - February 14 at 4:42 PM
bizjournals.com logoHarris Corp. awarded $403M Army contract (NYSE:HRS)
www.bizjournals.com - February 13 at 6:44 PM
us.rd.yahoo.com logoHarris Corporation Awarded $403 Million IDIQ Contract to Continue Communications Support to the US Army (NYSE:HRS)
us.rd.yahoo.com - February 13 at 6:44 PM
us.rd.yahoo.com logo9:30 am Harris awarded a five-year, $403 million, single-award IDIQ contract by the Defense Logistics Agency for tactical radio spares and components for DLA Land and Maritime and the U.S. Army Communications-Electronics Command (NYSE:HRS)
us.rd.yahoo.com - February 13 at 6:44 PM
finance.yahoo.com logoHarris Corporation Awarded $403 Million IDIQ Contract to Continue Communications Support to the US Army - Yahoo Finance (NYSE:HRS)
finance.yahoo.com - February 13 at 11:27 AM
seekingalpha.com logoHarris wins $403M extension to Army contract - Seeking Alpha (NYSE:HRS)
seekingalpha.com - February 13 at 11:27 AM
seekingalpha.com logoDigitalGlobe, Esri, Harris announce partnership (NYSE:HRS)
seekingalpha.com - February 13 at 10:43 AM
News IconAnalyst Advice And Earnings Insight: Harris Corporation (HRS), Discover Financial Services (DFS) - Post Analyst (NYSE:HRS)
postanalyst.com - February 10 at 6:29 PM
News IconLarge Buying Action and Inflow of Money Witnessed in Harris Corporation - Highland Mirror (NYSE:HRS)
www.highlandmirror.com - February 10 at 6:29 PM
seekingalpha.com logoWSJ: Harrison, CSX talking three-year CEO deal (NYSE:HRS)
seekingalpha.com - February 10 at 12:54 PM
finance.yahoo.com logoHARRIS CORP /DE/ Financials (NYSE:HRS)
finance.yahoo.com - February 9 at 6:39 PM
feeds.benzinga.com logoInterfaith Coalition in Clearwater Will Meet to Discuss Current Religious Freedom Issues at Church of Scientology Fort Harrison (NYSE:HRS)
feeds.benzinga.com - February 9 at 2:25 PM
biz.yahoo.com logoHARRIS CORP /DE/ Files SEC form 8-K, Other Events (NYSE:HRS)
us.rd.yahoo.com - February 8 at 6:22 PM
News IconHarris Imager Captures Higher Resolution Imagery Aboard the Himawari-9 Satellite (NYSE:HRS)
www.satnews.com - February 7 at 3:51 AM
marketexclusive.com logoHARRIS CORPORATION (NYSE:HRS) Files An 8-K Other Events (NYSE:HRS)
marketexclusive.com - February 6 at 10:49 PM
streetinsider.com logoHarris Corp. (HRS) Enters $350M Accelerated Share Repurchase Transaction Agreement (NYSE:HRS)
www.streetinsider.com - February 6 at 10:49 PM
businesswire.com logoJapan Meteorological Agency Releases First Images from Harris ... - Business Wire (press release) (NYSE:HRS)
www.businesswire.com - February 6 at 5:47 PM
finance.yahoo.com logoJapan Meteorological Agency Releases First Images from Harris Corporation-Built Imager Onboard New Weather Satellite (NYSE:HRS)
au.finance.yahoo.com - February 6 at 5:47 PM
capitalcube.com logoHarris Corp. :HRS-US: Earnings Analysis: Q2, 2017 By the Numbers : February 6, 2017 (NYSE:HRS)
www.capitalcube.com - February 6 at 5:47 PM
streetinsider.com logoHarris Corp. (HRS) Enters $350M Accelerated Share Repurchase ... - StreetInsider.com (NYSE:HRS)
www.streetinsider.com - February 6 at 10:44 AM

Social

What is Harris Corporation's stock symbol?

Harris Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRS."

How often does Harris Corporation pay dividends? What is the dividend yield for Harris Corporation?

Harris Corporation declared a quarterly dividend on Friday, October 28th. Stockholders of record on Friday, November 18th will be given a dividend of $0.53 per share on Tuesday, December 6th. This represents a $2.12 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, November 16th.

Where is Harris Corporation's stock going? Where will Harris Corporation's stock price be in 2017?

9 brokers have issued 1 year price targets for Harris Corporation's shares. Their predictions range from $93.00 to $108.00. On average, they expect Harris Corporation's share price to reach $101.14 in the next year.

When will Harris Corporation announce their earnings?

Harris Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Who owns Harris Corporation stock?

Harris Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (3.94%), Artisan Partners Limited Partnership (1.11%), Burgundy Asset Management Ltd. (1.08%), FMR LLC (0.92%), FIL Ltd (0.76%) and Renaissance Technologies LLC (0.54%). Company insiders that own Harris Corporation stock include Dana A Mehnert, Edward J Zoiss, James F Albaugh, Robert L Duffy, Scott T Mikuen, Sheldon J Fox and William H Gattle.

Who sold Harris Corporation stock? Who is selling Harris Corporation stock?

Harris Corporation's stock was sold by a variety of institutional investors in the last quarter, including Burgundy Asset Management Ltd., FIL Ltd, RidgeWorth Capital Management LLC, Allianz Asset Management AG, Aviva PLC, Employees Retirement System of Texas, Edge Asset Management Inc. and Prudential PLC. Company insiders that have sold Harris Corporation stock in the last year include Dana A Mehnert, Edward J Zoiss, Robert L Duffy, Scott T Mikuen, Sheldon J Fox and William H Gattle.

Who bought Harris Corporation stock? Who is buying Harris Corporation stock?

Harris Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Two Sigma Investments LP, Russell Investments Group Ltd., Asset Management One Co. Ltd., Guggenheim Capital LLC, Janus Capital Management LLC, Renaissance Technologies LLC and State Street Corp.

How do I buy Harris Corporation stock?

Shares of Harris Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Harris Corporation stock cost?

One share of Harris Corporation stock can currently be purchased for approximately $111.10.

Harris Corporation (NYSE:HRS) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Harris Corporation (NYSE:HRS)

Earnings History Chart

Earnings by Quarter for Harris Corporation (NYSE:HRS)

Dividend History Chart

Dividend Payments by Quarter for Harris Corporation (NYSE:HRS)

Last Updated on 2/24/2017 by MarketBeat.com Staff