NYSE:HRS - Harris Stock Price, News, & Analysis

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$164.66 +0.80 (+0.49 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$164.66
Today's Range$163.32 - $165.62
52-Week Range$117.46 - $170.54
Volume1.26 million shs
Average Volume760,004 shs
Market Capitalization$19.38 billion
P/E Ratio25.33
Dividend Yield1.40%
Beta1.22
Harris logoHarris 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, 2-channel vehicular 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 secure communications systems and equipment, including 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 earth observation, environmental, exploration, geospatial, space protection, and intelligence solutions, such as sensors and payloads, as well as ground processing and information analytics for security, defense, civil, and commercial customers; and positioning, navigation, and timing products, systems, and solutions. Further, the company offers electronic warfare, avionics, surveillance and reconnaissance, command, control, communications, computers and intelligence, and undersea systems and solutions for aviation, defense, and maritime applications. Additionally, it provides managed services that support air traffic management; engineering support and sustainment for ground-based systems; and information technology and engineering managed services to government and commercial customers. The company was founded in 1895 and is headquartered in Melbourne, Florida.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Search & navigation equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
SymbolNYSE:HRS
CUSIP41387510
Phone321-727-9100

Debt

Debt-to-Equity Ratio1.03
Current Ratio0.90
Quick Ratio0.47

Price-To-Earnings

Trailing P/E Ratio25.33
Forward P/E Ratio21.14
P/E Growth3.49

Sales & Book Value

Annual Sales$6.18 billion
Price / Sales3.16
Cash Flow$8.9005 per share
Price / Cash18.50
Book Value$27.98 per share
Price / Book5.88

Profitability

EPS (Most Recent Fiscal Year)$6.50
Net Income$718 million
Net Margins11.61%
Return on Equity25.36%
Return on Assets7.91%

Miscellaneous

Employees17,000
Outstanding Shares118,730,000
Market Cap$19.38 billion

Harris (NYSE:HRS) Frequently Asked Questions

What is Harris' stock symbol?

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

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

Harris announced a quarterly dividend on Friday, April 27th. Stockholders of record on Friday, June 1st will be given a dividend of $0.57 per share on Friday, June 15th. This represents a $2.28 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, May 31st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris announced that its board has initiated a share repurchase plan on Saturday, April 8th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) issued its earnings results on Tuesday, July, 31st. The communications equipment provider reported $1.78 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.76 by $0.02. The communications equipment provider earned $1.67 billion during the quarter, compared to analysts' expectations of $1.62 billion. Harris had a return on equity of 25.36% and a net margin of 11.61%. Harris's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 EPS. View Harris' Earnings History.

When is Harris' next earnings date?

Harris is scheduled to release their next quarterly earnings announcement on Tuesday, October, 30th 2018. View Earnings Estimates for Harris.

What guidance has Harris issued on next quarter's earnings?

Harris issued an update on its FY19 earnings guidance on Tuesday, July, 31st. The company provided earnings per share guidance of $7.65-7.85 for the period, compared to the Thomson Reuters consensus estimate of $7.71. The company issued revenue guidance of $6.53-6.65 billion, compared to the consensus revenue estimate of $6.55 billion.

What price target have analysts set for HRS?

9 brokers have issued 1-year target prices for Harris' stock. Their predictions range from $148.00 to $190.00. On average, they anticipate Harris' stock price to reach $174.5556 in the next year. This suggests a possible upside of 6.0% from the stock's current price. View Analyst Price Targets for Harris.

What is the consensus analysts' recommendation for Harris?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harris in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Harris.

What are Wall Street analysts saying about Harris stock?

Here are some recent quotes from research analysts about Harris stock:
  • 1. According to Zacks Investment Research, "Harris reported solid fourth-quarter fiscal 2018 results, wherein both the top line and the bottom line surpassed the respective Zacks Consensus Estimate. Harris' revenue generating capabilities are buoyed by the possibility of greater military spending by the United States, owing to tensions with North Korea and Iran. The stock has outperformed the industry in the past year on an average. In addition, Harris offered a bullish guidance for fiscal 2019 owing to its impressive performance in fiscal 2018 and benefits from the new tax law. However, increasing cost of operations is likely to contract the profitability of the company in the near term. Gross margin has decreased considerably over the past few fiscals. This erodes the growth potential of Harris to some extent. The company is also trading at a premium on EV/EBITDA basis. Moreover, its high leverage acts as a deterrent for some investors." (8/3/2018)
  • 2. Cowen Inc analysts commented, "December quarter results powered by enterprise HDD revenue accelerating to 9% y/y growth, back to 2014 levels. Guidance implies ~$5/share in annual EPS power; raising 12-month price target to $52, from $44. Maintain Hold rating based on flattish growth prospects." (1/30/2018)

Who are some of Harris' key competitors?

Who are Harris' key executives?

Harris' management team includes the folowing people:
  • Mr. William M. Brown, Chairman, Pres & CEO (Age 55)
  • Mr. Rahul Ghai, Sr. VP & CFO (Age 46)
  • Mr. Sheldon J. Fox, Sr. VP of Operations & Information Technology (Age 59)
  • Mr. Scott T. Mikuen, Sr. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Dana A. Mehnert, Sr. VP & Chief Global Bus. Devel. Officer (Age 56)

Has Harris been receiving favorable news coverage?

News coverage about HRS stock has been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harris earned a coverage optimism score of 0.28 on Accern's scale. They also gave news articles about the communications equipment provider an impact score of 48.98 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Harris.

Who are Harris' major shareholders?

Harris' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.32%), Wells Fargo & Company MN (4.23%), Janus Henderson Group PLC (2.57%), Boston Partners (1.72%), Bank of New York Mellon Corp (1.30%) and FMR LLC (1.09%). Company insiders that own Harris stock include Christopher D Young, Dana A Mehnert, Edward J Zoiss, James F Albaugh, Robert L Duffy, Scott T Mikuen, Sheldon J Fox and William H Gattle. View Institutional Ownership Trends for Harris.

Which major investors are selling Harris stock?

HRS stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, FMR LLC, Dividend Assets Capital LLC, Renaissance Technologies LLC, Bank of New York Mellon Corp, Scout Investments Inc., Burgundy Asset Management Ltd. and First Quadrant L P CA. Company insiders that have sold Harris company stock in the last year include Dana A Mehnert, Scott T Mikuen and Sheldon J Fox. View Insider Buying and Selling for Harris.

Which major investors are buying Harris stock?

HRS stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Massachusetts Financial Services Co. MA, BNP Paribas Arbitrage SA, Bank of Montreal Can, Calamos Advisors LLC, Chevy Chase Trust Holdings Inc., Advisors Asset Management Inc. and Teacher Retirement System of Texas. View Insider Buying and Selling for Harris.

How do I buy shares of Harris?

Shares of HRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Harris' stock price today?

One share of HRS stock can currently be purchased for approximately $164.66.

How big of a company is Harris?

Harris has a market capitalization of $19.38 billion and generates $6.18 billion in revenue each year. The communications equipment provider earns $718 million in net income (profit) each year or $6.50 on an earnings per share basis. Harris employs 17,000 workers across the globe.

How can I contact Harris?

Harris' mailing address is 1025 W NASA BLVD, MELBOURNE FL, 32919. The communications equipment provider can be reached via phone at 321-727-9100 or via email at [email protected]


MarketBeat Community Rating for Harris (NYSE HRS)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  299 (Vote Outperform)
Underperform Votes:  328 (Vote Underperform)
Total Votes:  627
MarketBeat's community ratings are surveys of what our community members think about Harris and other stocks. Vote "Outperform" if you believe HRS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HRS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2018 by MarketBeat.com Staff

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