Harris Corporation Company Profile (NYSE:HRS)

About Harris Corporation (NYSE:HRS)

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: Communications & Networking
  • Sub-Industry: Communications Equipment
  • Symbol: NYSE:HRS
  • CUSIP: 41387510
  • Web: www.harris.com
Capitalization:
  • Market Cap: $16.29 billion
  • Outstanding Shares: 119,110,000
Average Prices:
  • 50 Day Moving Avg: $130.76
  • 200 Day Moving Avg: $117.25
  • 52 Week Range: $88.89 - $137.17
P/E:
  • Trailing P/E Ratio: 30.82
  • Foreward P/E Ratio: 19.90
  • P/E Growth: 0.80
Sales & Book Value:
  • Annual Revenue: $5.9 billion
  • Price / Sales: 2.76
  • Book Value: $24.48 per share
  • Price / Book: 5.59
Dividend:
  • Annual Dividend: $2.28
  • Dividend Yield: 1.7%
Profitability:
  • EBITDA: $1.4 billion
  • Net Margins: 8.53%
  • Return on Equity: 23.49%
  • Return on Assets: 6.35%
Debt:
  • Debt-to-Equity Ratio: 1.16%
  • Current Ratio: 1.08%
  • Quick Ratio: 0.64%
Misc:
  • Average Volume: 622,405 shs.
  • Beta: 1.18
  • Short Ratio: 2.52
 

Frequently Asked Questions for Harris Corporation (NYSE:HRS)

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 announced a quarterly dividend on Friday, August 25th. Investors of record on Friday, September 8th will be paid a dividend of $0.57 per share on Friday, September 22nd. This represents a $2.28 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Harris Corporation's previous quarterly dividend of $0.53. View Harris Corporation's Dividend History.

How will Harris Corporation's stock buyback program work?

Harris Corporation declared that its Board of Directors has authorized a share buyback program on Saturday, April 8th 2017, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

How were Harris Corporation's earnings last quarter?

Harris Corporation (NYSE:HRS) announced its quarterly earnings results on Tuesday, August, 1st. The company reported $1.49 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $1.49. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. View Harris Corporation's Earnings History.

When will Harris Corporation make its next earnings announcement?

Harris Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Harris Corporation.

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

Harris Corporation issued an update on its FY18 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $5.85-6.05 for the period, compared to the Thomson Reuters consensus estimate of $6.08. The company issued revenue guidance of $6.02-6.14 billion, compared to the consensus revenue estimate of $6.07 billion.

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

6 brokerages have issued 12-month target prices for Harris Corporation's shares. Their forecasts range from $100.00 to $150.00. On average, they anticipate Harris Corporation's stock price to reach $130.67 in the next twelve months. View Analyst Ratings for Harris Corporation.

What are analysts saying about Harris Corporation stock?

Here are some recent quotes from research analysts about Harris Corporation stock:

  • 1. According to Zacks Investment Research, "Shares of Harris Corporation have outperformed its industry over the last month. Stocks like Harris have been buoyed by the possibility of greater militarry spending by the United States, owing to tensions with North Korea.The company's efforts to reward shareholders through dividends and buybacks are impressive. In August 2017, the company raised its quarterly dividend by 8%. This marked the 16th such annual dividend increase by the company. Impressive sales of tactical radio products and multiple multiple contract wins also bode well for the company. However, high costs are  limiting bottom-line growth. Moreover, Harris Corporation is a highly leveraged company." (10/16/2017)
  • 2. Cowen and Company analysts commented, "HRS’s initial F18 EPS guidance is 2% below Street at midpoint & legacy RF tactical." (8/1/2017)

Who are some of Harris Corporation's key competitors?

Who are Harris Corporation's key executives?

Harris Corporation's management team includes the folowing people:

  • William M. Brown, Chairman of the Board, President, Chief Executive Officer
  • Rahul Ghai, Chief Financial Officer, Senior Vice President
  • William H. Gattle, President - Space and Intelligence Systems
  • Christopher D. Young, President - Communication Systems
  • Edward J. Zoiss, President - Electronic Systems
  • Scott T. Mikuen, Senior Vice President, General Counsel, Secretary
  • Robert L. Duffy, Senior Vice President - Human Resources and Administration
  • Sheldon J. Fox, Senior Vice President - Operations and Information Technology
  • Dana A. Mehnert, Senior Vice President, Chief Global Business Development Officer
  • Todd A. Taylor, Vice President, Principal Accounting Officer

Who owns Harris Corporation stock?

Harris Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.14%), APG Asset Management N.V. (0.07%), First National Bank of Mount Dora Trust Investment Services (0.05%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.03%) and Mutual of America Capital Management LLC (0.02%). Company insiders that own Harris Corporation 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 Corporation.

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 APG Asset Management N.V., State Treasurer State of Michigan and LS Investment Advisors LLC. Company insiders that have sold Harris Corporation stock in the last year include Christopher D Young, Dana A Mehnert, Edward J Zoiss, Robert L Duffy, Scott T Mikuen and Sheldon J Fox. View Insider Buying and Selling for Harris Corporation.

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

Harris Corporation's stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Shell Asset Management Co., Arrow Financial Corp, Texas Capital Bancshares Inc. TX, Mutual of America Capital Management LLC, First National Bank of Mount Dora Trust Investment Services, Eqis Capital Management Inc. and Oakbrook Investments LLC. View Insider Buying and Selling for Harris Corporation.

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.

What is Harris Corporation's stock price today?

One share of Harris Corporation stock can currently be purchased for approximately $136.73.


MarketBeat Community Rating for Harris Corporation (NYSE HRS)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  185 (Vote Outperform)
Underperform Votes:  236 (Vote Underperform)
Total Votes:  421
MarketBeat's community ratings are surveys of what our community members think about Harris Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Harris Corporation (NYSE:HRS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.83)
Consensus Price Target: $130.67 (4.43% downside)
Consensus Price Target History for Harris Corporation (NYSE:HRS)
Price Target History for Harris Corporation (NYSE:HRS)
Analysts' Ratings History for Harris Corporation (NYSE:HRS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Cowen and CompanyReiterated RatingBuy$150.00N/AView Rating Details
10/9/2017Seaport Global SecuritiesReiterated RatingBuy$135.00 -> $145.00N/AView Rating Details
9/21/2017Jefferies Group LLCReiterated RatingBuy$135.00LowView Rating Details
8/28/2017Credit Suisse GroupInitiated CoverageOutperform -> Outperform$144.00HighView Rating Details
5/1/2017Barclays PLCDowngradeOverweight -> Equal Weight$110.00MediumView Rating Details
10/28/2016Vertical ResearchInitiated CoverageBuy$100.00N/AView Rating Details
9/6/2016Citigroup Inc.Lower Price TargetBuy$112.00 -> $95.00N/AView Rating Details
8/3/2016J P Morgan Chase & CoSet 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, Inc. (The)Boost 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 10/22/2015 forward)

Earnings

Earnings History for Harris Corporation (NYSE:HRS)
Earnings by Quarter for Harris Corporation (NYSE:HRS)
Earnings History by Quarter for Harris Corporation (NYSE HRS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$1.34N/AView Earnings Details
8/1/2017Q4 2017$1.49$1.49$1.52 billion$1.54 billionViewListenView Earnings Details
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)

Estimates

Earnings Estimates for Harris Corporation (NYSE:HRS)
2017 EPS Consensus Estimate: $5.56
2018 EPS Consensus Estimate: $6.03
2019 EPS Consensus Estimate: $7.19
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 20182$1.34$1.35$1.35
Q2 20182$1.37$1.43$1.40
Q3 20182$1.57$1.65$1.61
Q4 20182$1.63$1.71$1.67
Q1 20191$1.50$1.50$1.50
Q2 20191$1.65$1.65$1.65
Q3 20191$1.97$1.97$1.97
Q4 20191$2.07$2.07$2.07
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Harris Corporation (NYSE:HRS)
Most Recent Dividend:9/22/2017
Annual Dividend:$2.28
Dividend Yield:1.67%
Dividend Growth:9.20% (3 Year Average)
Payout Ratio:51.47% (Trailing 12 Months of Earnings)
37.94% (Based on This Year's Estimates)
33.19% (Based on Next Year's Estimates)
Track Record:15 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Harris Corporation (NYSE:HRS)

Dividend History by Quarter for Harris Corporation (NYSE HRS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/25/2017quarterly$0.571.88%9/7/20179/8/20179/22/2017
4/28/2017quarterly$0.531.93%5/31/20176/2/20176/16/2017
3/3/2017quarterly$0.531.93%3/10/20173/14/20173/24/2017
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 and Institutional Ownership History for Harris Corporation (NYSE:HRS)
Insider Ownership Percentage: 1.91%
Institutional Ownership Percentage: 84.98%
Insider Trades by Quarter for Harris Corporation (NYSE:HRS)
Institutional Ownership by Quarter for Harris Corporation (NYSE:HRS)
Insider Trades by Quarter for Harris Corporation (NYSE:HRS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/12/2017Scott T MikuenSVPSell13,600$123.36$1,677,696.00View SEC Filing  
9/8/2017Scott T. MikuenSVPSell4,387$121.70$533,897.90View SEC Filing  
8/21/2017Sheldon J FoxSVPSell50,300$118.24$5,947,472.00View SEC Filing  
8/10/2017Christopher D YoungInsiderSell4,070$118.93$484,045.10View SEC Filing  
5/31/2017Robert L DuffySVPSell33,600$112.01$3,763,536.00View SEC Filing  
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)

Headlines

Headline Trends for Harris Corporation (NYSE:HRS)
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Harris Corporation (HRS) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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