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

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$173.53 +0.28 (+0.16 %)
(As of 10/16/2018 04:00 PM ET)
Previous Close$173.25
Today's Range$170.57 - $175.50
52-Week Range$133.66 - $175.50
Volume2.45 million shs
Average Volume755,307 shs
Market Capitalization$19.85 billion
P/E Ratio26.27
Dividend Yield1.77%
Beta1.2
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.

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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 Ratio1.24
Quick Ratio0.73

Price-To-Earnings

Trailing P/E Ratio26.27
Forward P/E Ratio22.28
P/E Growth3.62

Sales & Book Value

Annual Sales$6.18 billion
Price / Sales3.29
Cash Flow$9.0522 per share
Price / Cash19.17
Book Value$27.98 per share
Price / Book6.20

Profitability

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

Miscellaneous

Employees17,500
Outstanding Shares117,320,000
Market Cap$19.85 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 Monday, August 27th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.685 per share on Friday, September 21st. This represents a $2.74 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 6th. This is a positive change from Harris's previous quarterly dividend of $0.57. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris declared that its board has authorized a share repurchase plan on Saturday, April 8th 2017, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) issued its quarterly earnings results on Sunday, October, 14th. The communications equipment provider reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The communications equipment provider earned $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Harris had a return on equity of 25.36% and a net margin of 11.61%. Harris's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.38 EPS. View Harris' Earnings History.

When is Harris' next earnings date?

Harris is scheduled to release their next quarterly earnings announcement on Tuesday, January 29th 2019. 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 Monday, October, 15th. The company provided earnings per share (EPS) guidance of $7.80-7.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.84. The company issued revenue guidance of $6.53-6.65, compared to the consensus revenue estimate of $6.63 billion.

What price target have analysts set for HRS?

10 brokerages have issued 1-year price targets for Harris' shares. Their forecasts range from $148.00 to $209.00. On average, they expect Harris' share price to reach $178.00 in the next year. This suggests a possible upside of 2.6% from the stock's current price. View Analyst Price Targets for Harris.

What is the consensus analysts' recommendation for Harris?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harris in the last year. There are currently 2 hold ratings and 8 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, Pres of Communication Systems (Age 56)

Who are Harris' major shareholders?

Harris' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.14%), Bank of Montreal Can (0.14%), Andra AP fonden (0.04%), State of Alaska Department of Revenue (0.04%), First National Bank of Mount Dora Trust Investment Services (0.04%) and Univest Corp of Pennsylvania (0.03%). 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 Todd A Taylor. 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 Andra AP fonden, Bank of Montreal Can, First National Bank of Mount Dora Trust Investment Services, Dorsey Wright & Associates, DAVENPORT & Co LLC, Krueger & Catalano Capital Partners LLC, Univest Corp of Pennsylvania and CENTRAL TRUST Co. Company insiders that have sold Harris company stock in the last year include Dana A Mehnert, Edward J Zoiss, Scott T Mikuen, Sheldon J Fox and Todd A Taylor. 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 Scout Investments Inc., Gemmer Asset Management LLC, Tributary Capital Management LLC, First Hawaiian Bank, Nisa Investment Advisors LLC, Fox Run Management L.L.C., Iberiabank Corp and State of Alaska Department of Revenue. 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 $173.53.

How big of a company is Harris?

Harris has a market capitalization of $19.85 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 17,500 workers across the globe.

What is Harris' official website?

The official website for Harris is http://www.harris.com.

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:  323 (Vote Outperform)
Underperform Votes:  343 (Vote Underperform)
Total Votes:  666
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 10/16/2018 by MarketBeat.com Staff

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