NYSE:HRS - Harris Stock Price, Price Target & More

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$150.90 +0.37 (+0.25 %)
(As of 07/22/2018 01:07 AM ET)
Previous Close$150.90
Today's Range$150.00 - $151.53
52-Week Range$111.72 - $170.54
Volume433,496 shs
Average Volume645,303 shs
Market Capitalization$17.87 billion
P/E Ratio27.29
Dividend Yield1.51%
Beta1.25
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 Ratio1.08
Current Ratio1.12
Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio27.29
Forward P/E Ratio23.29
P/E Growth3.27

Sales & Book Value

Annual Sales$5.90 billion
Price / Sales3.04
Cash Flow$8.2234 per share
Price / Cash18.35
Book Value$24.02 per share
Price / Book6.28

Profitability

EPS (Most Recent Fiscal Year)$5.53
Net Income$553 million
Net Margins10.43%
Return on Equity25.07%
Return on Assets7.53%

Miscellaneous

Employees17,000
Outstanding Shares118,730,000
Market Cap$17,872.26

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 declared a quarterly dividend on Friday, April 27th. Investors 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 yield of 1.51%. The ex-dividend date is Thursday, May 31st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris declared that its Board of Directors has authorized a stock buyback program on Saturday, April 8th 2017, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) posted its earnings results on Wednesday, May, 2nd. The communications equipment provider reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.04. The communications equipment provider had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. Harris had a net margin of 10.43% and a return on equity of 25.07%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $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, July, 31st 2018. View Earnings Estimates for Harris.

What price target have analysts set for HRS?

8 Wall Street analysts have issued 1 year price objectives for Harris' stock. Their predictions range from $145.00 to $183.00. On average, they expect Harris' stock price to reach $165.1250 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price. View Analyst Ratings for Harris.

What is the consensus analysts' recommendation for Harris?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Harris in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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 is highly dependent on sales revenue to the U.S. Government. In addition, the company has significant volume of sales to foreign military bases, which are subject to numerous regulations that can hold up sales or result in their cancellation. Furthermore, foreign defense spending tends to be highly volatile, which can move large chunks of sales quarter to quarter. Margin woes remain a perennial threat for the company as well. Increasing cost of operations is likely to contract the profitability of the company in the near term. Harris' high debt levels remain a potent threat, discouraging investors to some extent. The stock has also underperformed the industry, on an average, in the past three months. However, Harris' steady investments in business innovation remain encouraging. The continuous efforts of the company to reward its shareholders with risk-adjusted returns are also commendable." (7/3/2018)
  • 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?

Media headlines about HRS stock have trended somewhat negative recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog 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 daily sentiment score of -0.02 on Accern's scale. They also assigned news coverage about the communications equipment provider an impact score of 47.17 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are Harris' major shareholders?

Harris' stock is owned by many different of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.14%), Scout Investments Inc. (0.12%), Calamos Advisors LLC (0.09%), Retirement Systems of Alabama (0.08%), Capital One National Association (0.06%) and State of Alaska Department of Revenue (0.04%). 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 institutional investors are selling Harris stock?

HRS stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Assenagon Asset Management S.A., Clinton Group Inc., Capital One National Association, Hartford Investment Management Co., Pendal Group Ltd, Carderock Capital Management Inc. and Westpac Banking Corp. Company insiders that have sold Harris company stock in the last year include Christopher D Young, Dana A Mehnert, Scott T Mikuen and Sheldon J Fox. View Insider Buying and Selling for Harris.

Which institutional investors are buying Harris stock?

HRS stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Calamos Advisors LLC, Hudson Valley Investment Advisors Inc. ADV, Nisa Investment Advisors LLC, Polaris Greystone Financial Group LLC, Stokes Capital Advisors LLC, Krueger & Catalano Capital Partners LLC and Somerset Trust Co. 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 $150.90.

How big of a company is Harris?

Harris has a market capitalization of $17.87 billion and generates $5.90 billion in revenue each year. The communications equipment provider earns $553 million in net income (profit) each year or $5.53 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:  275 (Vote Outperform)
Underperform Votes:  309 (Vote Underperform)
Total Votes:  584
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 7/22/2018 by MarketBeat.com Staff

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