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

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$165.21 +0.64 (+0.39 %)
(As of 02/22/2019 01:04 PM ET)
Previous Close$164.57
Today's Range$164.17 - $165.87
52-Week Range$123.24 - $175.50
Volume19,965 shs
Average Volume1.16 million shs
Market Capitalization$19.44 billion
P/E Ratio25.45
Dividend Yield1.66%
Beta1.23
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

Industry Search & navigation equipment
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP41387510
Phone321-727-9100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.18 billion
Cash Flow$8.8253 per share
Book Value$29.00 per share

Profitability

Net Income$718 million

Miscellaneous

Employees17,500
Market Cap$19.44 billion
Next Earnings Date5/1/2019 (Estimated)
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. Investors 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 1.66%. The ex-dividend date is Wednesday, November 21st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris declared that its Board of Directors has approved a share buyback plan on Saturday, April 8th 2017, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) released its quarterly earnings data on Tuesday, January, 29th. The communications equipment provider reported $1.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.91 by $0.05. The communications equipment provider had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.63 billion. Harris had a net margin of 13.29% and a return on equity of 26.55%. The firm's revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. View Harris' Earnings History.

When is Harris' next earnings date?

Harris is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Harris.

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

Harris updated its FY19 earnings guidance on Tuesday, January, 29th. The company provided EPS guidance of $7.90-8.00 for the period, compared to the Thomson Reuters consensus estimate of $7.90. The company issued revenue guidance of $6.66-6.69 billion, compared to the consensus revenue estimate of $6.63 billion.Harris also updated its FY 2019 guidance to $7.90-8.00 EPS.

What price target have analysts set for HRS?

8 brokers have issued 12 month target prices for Harris' stock. Their predictions range from $161.00 to $209.00. On average, they anticipate Harris' share price to reach $183.3750 in the next twelve months. This suggests a possible upside of 11.0% 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.

Has Harris been receiving favorable news coverage?

News stories about HRS stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Harris earned a news impact score of 1.0 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company's share price in the near term.

Who are some of Harris' key competitors?

What other stocks do shareholders of Harris own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Harris investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Honeywell International (HON), Athabasca Oil (ATH), Raytheon (RTN), NVIDIA (NVDA) and NIC (EGOV).

Who are Harris' key executives?

Harris' management team includes the folowing people:
  • Mr. William M. Brown, Chairman, Pres & CEO (Age 56)
  • Mr. Rahul Ghai, Sr. VP & CFO (Age 47)
  • Mr. Sheldon J. Fox, Sr. VP of Operations & Information Technology (Age 60)
  • Mr. Scott T. Mikuen, Sr. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Dana A. Mehnert, Pres of Communication Systems (Age 57)

Who are Harris' major shareholders?

Harris' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.13%), Geode Capital Management LLC (1.31%), Bank of New York Mellon Corp (1.25%), Boston Partners (1.19%), Massachusetts Financial Services Co. MA (1.12%) and Northern Trust Corp (1.11%). Company insiders that own Harris stock include Christopher D Young, Dana A Mehnert, Edward J Zoiss, Robert L Duffy, Scott T Mikuen, Sheldon J Fox and Todd A Taylor. 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 BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., HM Payson & Co., Millennium Management LLC, Barclays PLC, Bessemer Group Inc., Scout Investments Inc. and Squarepoint Ops LLC. Company insiders that have sold Harris company stock in the last year include Dana A Mehnert, Edward J Zoiss, Robert L Duffy, Scott T Mikuen, Sheldon J Fox and Todd A Taylor. View Insider Buying and Selling for Harris.

Which institutional investors are buying Harris stock?

HRS stock was bought by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Two Sigma Advisers LP, California Public Employees Retirement System, Calamos Advisors LLC, First Trust Advisors LP, Legal & General Group Plc, Eaton Vance Management and Martin Investment Management LLC. 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 $165.21.

How big of a company is Harris?

Harris has a market capitalization of $19.44 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:  363 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  716
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 2/22/2019 by MarketBeat.com Staff

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