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

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$149.8310 -0.60 (-0.40 %)
(As of 11/14/2018 12:22 PM ET)
Previous Close$150.43
Today's Range$149.13 - $152.50
52-Week Range$137.25 - $175.50
Volume271,940 shs
Average Volume1.38 million shs
Market Capitalization$17.50 billion
P/E Ratio23.05
Dividend Yield1.84%
Beta1.29
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
Current SymbolNYSE:HRS
Previous Symbol
CUSIP41387510
Phone321-727-9100

Debt

Debt-to-Equity Ratio1.05
Current Ratio1.17
Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio23.05
Forward P/E Ratio19.06
P/E GrowthN/A

Sales & Book Value

Annual Sales$6.18 billion
Price / Sales2.85
Cash Flow$8.8920 per share
Price / Cash16.85
Book Value$27.57 per share
Price / Book5.43

Profitability

EPS (Most Recent Fiscal Year)$6.50
Net Income$718 million
Net Margins12.20%
Return on Equity26.39%
Return on Assets8.45%

Miscellaneous

Employees17,500
Outstanding Shares117,660,000
Market Cap$17.50 billion
OptionableOptionable

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, October 26th. Stockholders of record on Friday, November 23rd will be paid a dividend of $0.685 per share on Friday, December 7th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, November 21st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris announced that its board has approved 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 repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its shares are undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) posted its quarterly earnings data on Sunday, October, 14th. The communications equipment provider reported $1.78 earnings per share for the quarter, topping the Zacks' consensus estimate 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 net margin of 12.20% and a return on equity of 26.39%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business 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, 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 guidance of $7.80-7.90 for the period, compared to the Thomson Reuters consensus EPS 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?

8 brokers have issued 1-year target prices for Harris' shares. Their forecasts range from $170.00 to $209.00. On average, they expect Harris' stock price to reach $185.3750 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price. View Analyst Price Targets 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." 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)

Has Harris been receiving favorable news coverage?

News coverage about HRS stock has been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Harris earned a news impact score of 0.6 on InfoTrie's scale. They also assigned press coverage about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.

Are investors shorting Harris?

Harris saw a increase in short interest in October. As of October 31st, there was short interest totalling 4,222,565 shares, an increase of 215.5% from the October 15th total of 1,338,358 shares. Based on an average trading volume of 1,514,762 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.6% of the shares of the company are short sold. View Harris' Current Options Chain.

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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.41%), Wells Fargo & Company MN (4.06%), Janus Henderson Group PLC (2.53%), Bank of New York Mellon Corp (1.22%), Massachusetts Financial Services Co. MA (1.15%) and FMR LLC (0.79%). 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 Prudential Financial Inc., FMR LLC, Wells Fargo & Company MN, First Trust Advisors LP, JPMorgan Chase & Co., Mitsubishi UFJ Trust & Banking Corp, Bank of New York Mellon Corp and Janus Henderson Group PLC. 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 Los Angeles Capital Management & Equity Research Inc., Franklin Resources Inc., Renaissance Technologies LLC, Massachusetts Financial Services Co. MA, Bessemer Group Inc., Carillon Tower Advisers Inc., Capital Fund Management S.A. and FIL Ltd. 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 $150.13.

How big of a company is Harris?

Harris has a market capitalization of $17.50 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:  2.5 out of 5 (star star half star)
Outperform Votes:  334 (Vote Outperform)
Underperform Votes:  346 (Vote Underperform)
Total Votes:  680
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 11/14/2018 by MarketBeat.com Staff

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