Harris Company Profile (NYSE:HRS)

About Harris (NYSE:HRS)

Harris 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
  • Symbol: NYSE:HRS
  • CUSIP: 41387510
  • Web: www.harris.com
  • Market Cap: $13.48 billion
  • Outstanding Shares: 121,912,000
Average Prices:
  • 50 Day Moving Avg: $109.69
  • 200 Day Moving Avg: $106.89
  • 52 Week Range: $77.56 - $113.58
  • Trailing P/E Ratio: 23.77
  • Foreward P/E Ratio: 18.15
  • P/E Growth: 0.48
Sales & Book Value:
  • Annual Revenue: $7.37 billion
  • Price / Sales: 1.83
  • Book Value: $23.94 per share
  • Price / Book: 4.62
  • Annual Dividend: $2.12
  • Dividend Yield: 2.0%
  • EBIDTA: $1.58 billion
  • Net Margins: 9.15%
  • Return on Equity: 22.73%
  • Return on Assets: 6.07%
  • Debt-to-Equity Ratio: 1.29%
  • Current Ratio: 1.57%
  • Quick Ratio: 0.97%
  • Average Volume: 849,524 shs.
  • Beta: 1.27
  • Short Ratio: 3.79

Frequently Asked Questions for Harris (NYSE:HRS)

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 28th. Investors of record on Friday, June 2nd will be given a dividend of $0.53 per share on Friday, June 16th. This represents a $2.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, May 31st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris declared that its board has approved a share buyback 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) announced its quarterly earnings results on Wednesday, May, 3rd. The company reported $1.38 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.31 by $0.07. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.46 billion. Harris had a return on equity of 22.73% and a net margin of 9.15%. The business's revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. View Harris' Earnings History.

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

Harris issued an update on its FY17 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $5.50-5.55 for the period, compared to the Thomson Reuters consensus estimate of $5.54.

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

8 equities research analysts have issued 1-year target prices for Harris' stock. Their predictions range from $93.00 to $125.00. On average, they expect Harris' stock price to reach $105.00 in the next year. View Analyst Ratings for Harris.

Are investors shorting Harris?

Harris saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,917,930 shares, an increase of 124.6% from the April 28th total of 1,299,133 shares. Based on an average trading volume of 912,799 shares, the short-interest ratio is currently 3.2 days. Currently, 2.4% of the shares of the company are short sold.

Who are some of Harris' key competitors?

Who owns Harris stock?

Harris' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.68%), BlackRock Inc. (6.16%), Boston Partners (5.77%), Wells Fargo & Company MN (5.45%), State Street Corp (4.17%) and Wellington Management Group LLP (1.96%). Company insiders that own Harris stock include 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.

Who sold Harris stock? Who is selling Harris stock?

Harris' stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Renaissance Technologies LLC, JPMorgan Chase & Co., FIL Ltd, Wells Fargo & Company MN, AXA, Gotham Asset Management LLC and Strs Ohio. Company insiders that have sold Harris 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. View Insider Buying and Selling for Harris.

Who bought Harris stock? Who is buying Harris stock?

Harris' stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Capital Management LLC, Private Advisor Group LLC, FMR LLC, Vanguard Group Inc., Artisan Partners Limited Partnership, BNP Paribas Arbitrage SA and Bank of New York Mellon Corp. View Insider Buying and Selling for Harris.

How do I buy Harris stock?

Shares of Harris 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 stock cost?

One share of Harris stock can currently be purchased for approximately $110.56.

Analyst Ratings

Consensus Ratings for Harris (NYSE:HRS) (?)
Ratings Breakdown: 1 Hold Rating, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.88)
Consensus Price Target: $105.00 (5.03% downside)

Analysts' Ratings History for Harris (NYSE:HRS)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/4/2017Jefferies Group LLCBoost Price TargetBuy$120.00 -> $125.00LowView Rating Details
5/1/2017Barclays PLCDowngradeOverweight -> Equal Weight$110.00MediumView Rating Details
11/7/2016Seaport Global SecuritiesInitiated CoverageBuy$105.00N/AView Rating Details
11/7/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$107.00N/AView Rating Details
10/28/2016Vertical ResearchInitiated CoverageBuy$100.00N/AView Rating Details
9/6/2016Citigroup IncLower Price TargetBuy$112.00 -> $95.00N/AView Rating Details
8/3/2016JPMorgan Chase & Co.Set Price TargetBuy$93.00N/AView Rating Details
6/17/2016Drexel HamiltonReiterated RatingBuyN/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
4/12/2016Goldman Sachs Group IncBoost Price TargetBuy$102.00 -> $108.00N/AView Rating Details
11/4/2015Royal Bank of CanadaBoost Price TargetOutperform$90.00 -> $97.00N/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Harris (NYSE:HRS)
Earnings by Quarter for Harris (NYSE:HRS)
Earnings History by Quarter for Harris (NYSE:HRS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2017Q3 17$1.31$1.38$1.46 billion$1.49 billionViewListenView Earnings Details
2/2/2017Q217$1.37$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$1.27$1.28$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)


Earnings Estimates for Harris (NYSE:HRS)
2017 EPS Consensus Estimate: $5.56
2018 EPS Consensus Estimate: $6.11
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$1.36$1.36$1.36
Q2 20172$1.34$1.41$1.38
Q3 20172$1.31$1.35$1.33
Q4 20172$1.48$1.50$1.49
Q1 20181$1.37$1.37$1.37
Q2 20181$1.46$1.46$1.46
Q3 20181$1.64$1.64$1.64
Q4 20181$1.64$1.64$1.64
(Data provided by Zacks Investment Research)


Current Dividend Information for Harris (NYSE:HRS)
Next Dividend:6/16/2017
Annual Dividend:$2.12
Dividend Yield:1.92%
Dividend Growth:9.20% (3 Year Average)
Payout Ratio:40.08% (Trailing 12 Months of Earnings)
38.41% (Based on This Year's Estimates)
34.81% (Based on Next Year's Estimates)
Track Record:15 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Harris (NYSE:HRS)

Dividend History by Quarter for Harris (NYSE:HRS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Harris (NYSE:HRS)
Insider Ownership Percentage: 1.71%
Institutional Ownership Percentage: 83.24%
Insider Trades by Quarter for Harris (NYSE:HRS)
Institutional Ownership by Quarter for Harris (NYSE:HRS)
Insider Trades by Quarter for Harris (NYSE:HRS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2017Scott T MikuenSVPSell20,600$109.71$2,260,026.00View SEC Filing  
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)


Headline Trends for Harris (NYSE:HRS)
Latest Headlines for Harris (NYSE:HRS)
finance.yahoo.com logoHarris Corp. breached its 50 day moving average in a Bullish Manner : HRS-US : May 26, 2017
finance.yahoo.com - May 26 at 6:26 PM
latimes.com logoMany Americans are unaware of the costs of bad credit, survey shows
www.latimes.com - May 26 at 9:49 AM
finance.yahoo.com logoETFs with exposure to Harris Corp. : May 19, 2017
finance.yahoo.com - May 19 at 5:29 PM
finance.yahoo.com logoHarris Corp. :HRS-US: Earnings Analysis: Q3, 2017 By the Numbers : May 18, 2017
finance.yahoo.com - May 19 at 10:17 AM
seekingalpha.com logoCSX investors worry about CEO Harrison’s health ahead of payment vote
seekingalpha.com - May 17 at 8:10 PM
marketwatch.com logoThe Wall Street Journal: CSX CEO Hunter Harrison dismisses health concerns
www.marketwatch.com - May 17 at 6:25 PM
News IconIn-N-Out just lost its title as America's favorite burger chain - Business Insider
www.businessinsider.com - May 17 at 1:53 PM
americanbankingnews.com logoHarris Co. (HRS) Short Interest Update
www.americanbankingnews.com - May 17 at 7:12 AM
americanbankingnews.com logoHarris Co. (HRS) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - May 12 at 12:50 PM
americanbankingnews.com logoHarris (HRS) Given Daily News Impact Score of 0.24
www.americanbankingnews.com - May 12 at 12:57 AM
finance.yahoo.com logoHarris Corporation to Provide Critical Communication Solution for Major US Electric Utility
finance.yahoo.com - May 10 at 1:33 PM
finance.yahoo.com logoHarris Corporation Awarded $90 Million in Tactical Radio Contracts from European Nation
finance.yahoo.com - May 9 at 12:36 PM
seekingalpha.com logoTactical radio contracts at Harris
seekingalpha.com - May 9 at 10:50 AM
americanbankingnews.com logoJefferies Group Comments on Harris Co.'s Q4 2017 Earnings (HRS)
www.americanbankingnews.com - May 8 at 10:52 AM
americanbankingnews.com logoFY2017 Earnings Estimate for Harris Co. (HRS) Issued By Seaport Global Securities
www.americanbankingnews.com - May 8 at 10:02 AM
americanbankingnews.com logoHarris (HRS) Earning Somewhat Positive Media Coverage, Study Finds
www.americanbankingnews.com - May 5 at 11:48 PM
americanbankingnews.com logoEquities Analysts Issue Forecasts for Harris Co.'s FY2018 Earnings (HRS)
www.americanbankingnews.com - May 5 at 6:53 PM
americanbankingnews.com logoSeaport Global Securities Weighs in on Harris Co.'s Q3 2018 Earnings (HRS)
www.americanbankingnews.com - May 5 at 6:08 PM
finance.yahoo.com logoEdited Transcript of HRS earnings conference call or presentation 3-May-17 12:30pm GMT
finance.yahoo.com - May 5 at 5:44 PM
americanbankingnews.com logoHarris' (HRS) Buy Rating Reaffirmed at Jefferies Group LLC
www.americanbankingnews.com - May 4 at 1:21 PM
reuters.com logoUS labor market tightening; productivity weakens in first quarter - Reuters
www.reuters.com - May 4 at 10:13 AM
finance.yahoo.com logoHarris Corporation Reports Fiscal 2017 Third Quarter Results
finance.yahoo.com - May 3 at 9:47 PM
americanbankingnews.com logoHarris Co. (HRS) Releases Earnings Results, Beats Estimates By $0.07 EPS
www.americanbankingnews.com - May 3 at 8:26 PM
finance.yahoo.com logoHarris Corporation (HRS) Beats on Earnings & Revenues in Q3
finance.yahoo.com - May 3 at 4:46 PM
finance.yahoo.com logoHarris Corp., National Airlines score government contracts totaling $95M
finance.yahoo.com - May 3 at 4:46 PM
finance.yahoo.com logoHarris (HRS) Beats on Q3 Earnings & Sales, View Adjusted
finance.yahoo.com - May 3 at 4:46 PM
americanbankingnews.com logoHarris Co. (HRS) Issues FY17 Earnings Guidance
www.americanbankingnews.com - May 3 at 11:32 AM
marketbeat.com logoHarris tops Street 3Q forecasts
marketbeat.com - May 3 at 6:42 AM
finance.yahoo.com logoHarris Corp. breached its 50 day moving average in a Bearish Manner : HRS-US : May 2, 2017
finance.yahoo.com - May 2 at 10:09 AM
finance.yahoo.com logoShould You Sell Harris (HRS) Before Earnings?
finance.yahoo.com - May 2 at 10:09 AM
finance.yahoo.com logoTelecom Stock Earnings to Watch on May 3: S, LVLT, HRS, QRVO
finance.yahoo.com - May 2 at 10:09 AM
streetinsider.com logoMetal Plumber Now Offers Same-Day Plumbing Services Across Bellaire City and SW Harris County
www.streetinsider.com - April 29 at 11:19 PM
nytimes.com logoJudge in Houston Strikes Down Harris County’s Bail System
www.nytimes.com - April 29 at 11:19 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Somewhat Unlikely to Impact Harris (HRS) Stock Price
www.americanbankingnews.com - April 29 at 11:09 PM
finance.yahoo.com logoHarris Corporation Completes Sale of its Government IT Services Business to Veritas Capital
finance.yahoo.com - April 28 at 6:44 PM
americanbankingnews.com logoHarris Co. (HRS) Declares Quarterly Dividend of $0.53
www.americanbankingnews.com - April 28 at 6:02 PM
americanbankingnews.com logo Brokerages Anticipate Harris Co. (HRS) Will Post Earnings of $1.31 Per Share
www.americanbankingnews.com - April 28 at 3:52 PM
seekingalpha.com logoHarris closes $690M sale of government IT services unit
seekingalpha.com - April 28 at 2:06 PM
finance.yahoo.com logoIs a Beat in the Cards for Harris (HRS) in Q3 Earnings?
finance.yahoo.com - April 28 at 10:11 AM
americanbankingnews.com logoHarris (HRS) Given Coverage Optimism Score of 0.11
www.americanbankingnews.com - April 26 at 11:58 PM
cnbc.com logoCSX shares pop after new CEO Harrison buys $15 million in stock
www.cnbc.com - April 25 at 3:20 PM
finance.yahoo.com logoUS Air Force Awards Harris Corporation Cryptographic and Information Assurance IDIQ Contract
finance.yahoo.com - April 24 at 5:27 PM
americanbankingnews.com logoHarris Co. (HRS) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - April 24 at 11:56 AM
seekingalpha.com logoUS Air Force awards contract to Harris
seekingalpha.com - April 24 at 10:19 AM
americanbankingnews.com logoSomewhat Favorable Press Coverage Very Unlikely to Impact Harris (HRS) Stock Price
www.americanbankingnews.com - April 23 at 8:32 PM
feeds.benzinga.com logoCSX Delivers Q1 Beat, Meanwhile New CEO Brings Both Changes And Challenges
feeds.benzinga.com - April 21 at 12:51 PM
finance.yahoo.com logoHarris Corp. – Value Analysis (NYSE:HRS) : April 20, 2017
finance.yahoo.com - April 20 at 5:51 PM
feeds.benzinga.com logoCannabis ETFs: 2 New Ways To Invest In Marijuana Stocks
feeds.benzinga.com - April 20 at 1:10 PM
finance.yahoo.com logoHarris Corporation to Announce Third Quarter Results on Wednesday, May 3, 2017
finance.yahoo.com - April 20 at 11:43 AM
finance.yahoo.com logoHarris Corp. breached its 50 day moving average in a Bearish Manner : HRS-US : April 19, 2017
finance.yahoo.com - April 19 at 11:33 AM



Harris (HRS) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by MarketBeat.com Staff