Harris 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: Technology
- Industry: Communications & Networking
- Sub-Industry: Communications Equipment
- Symbol: NYSE:HRS
- CUSIP: 41387510
- Web: harris.com
Capitalization:- Market Cap: $15.7 billion
- Outstanding Shares: 119,110,000
Average Prices:- 50 Day Moving Avg: $120.91
- 200 Day Moving Avg: $113.51
- 52 Week Range: $88.89 - $131.90
P/E:- Trailing P/E Ratio: 29.71
- Foreward P/E Ratio: 19.24
- P/E Growth: 0.77
Sales & Book Value:- Annual Revenue: $5.9 billion
- Price / Sales: 2.66
- Book Value: $24.48 per share
- Price / Book: 5.38
Dividend:- Annual Dividend: $2.28
- Dividend Yield: 1.7%
Profitability:- EBIDTA: $1.4 billion
- Net Margins: 10.77%
- Return on Equity: 22.52%
- Return on Assets: 6.28%
Debt:- Debt-to-Equity Ratio: 1.16%
- Current Ratio: 1.08%
- Quick Ratio: 0.64%
Misc:- Average Volume: 704,903 shs.
- Beta: 1.19
- Short Ratio: 2.52
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 declared a quarterly dividend on Friday, August 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, September 7th. This is a positive change from Harris's previous quarterly dividend of $0.53. View Harris' Dividend History.
How will Harris' stock buyback program work?
Harris announced that its Board of Directors has authorized a share repurchase plan on Saturday, April 8th 2017, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Harris' earnings last quarter?
Harris Co. (NYSE:HRS) announced its 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 firm earned $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. Harris had a return on equity of 22.52% and a net margin of 10.77%. Harris's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. View Harris' Earnings History.
When will Harris make its next earnings announcement?
What guidance has Harris issued on next quarter's earnings?
Harris issued an update on its FY18 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $5.85-6.05 for the period, compared to the Thomson Reuters consensus EPS 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' stock going? Where will Harris' stock price be in 2017?
6 brokers have issued twelve-month price objectives for Harris' shares. Their predictions range from $100.00 to $144.00. On average, they expect Harris' share price to reach $121.33 in the next twelve months. View Analyst Ratings for Harris.
What are analysts saying about Harris stock?
Here are some recent quotes from research analysts about Harris stock:
- 1. According to Zacks Investment Research, "Shares of Harris Corporation have outperformed the industry it belongs to so far this year. The company's efforts to reward shareholders through dividends and buybacks is impressive. The company recently hiked its quarterly dividend by 8% to 57 cents per share from 53 cents per share. This is the 16th such annual dividend increase by the company.The improved scenario at the Communication Systems and Electronic Systems unit are expected to aid the company's top line going forward. However, the company's high debt levels raise concerns. Though positive on the company's growth by acquisition strategy, we note that all the buyouts have integration risks associated with them. Moreover, high integration and restructuring costs are limiting bottom-line growth. Additionally, weakness in international markets may result in lower-than-expected sales of tactical radio products." (9/19/2017)
- 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' key competitors?
Some companies that are related to Harris include Arista Networks (ANET), Motorola Solutions (MSI), Alcatel Lucent SA (ALU), CommScope Holding Company (COMM), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Lumentum Holdings (LITE), Belden (BDC), Ciena Corporation (CIEN), InterDigital (IDCC), Finisar Corporation (FNSR), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR) and Plantronics (PLT).
Who are Harris' key executives?
Harris' 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 stock?
Harris' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.00%), BlackRock Inc. (6.44%), Wells Fargo & Company MN (4.62%), Boston Partners (4.22%), State Street Corp (4.12%) and Capital Research Global Investors (2.29%). 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.
Who sold Harris stock? Who is selling Harris stock?
Harris' stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Wells Fargo & Company MN, JPMorgan Chase & Co., FMR LLC, Pioneer Investment Management Inc., FIL Ltd, BNP Paribas Arbitrage SA and Victory Capital Management Inc.. Company insiders that have sold Harris 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.
Who bought Harris stock? Who is buying Harris stock?
Harris' stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Janus Henderson Group PLC, Koch Industries Inc., SG Americas Securities LLC, Principal Financial Group Inc., Gotham Asset Management LLC, Renaissance Technologies LLC and BlackRock Inc.. 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.
What is Harris' stock price today?
One share of Harris stock can currently be purchased for approximately $131.80.
MarketBeat Community Rating for Harris (NYSE HRS)MarketBeat's community ratings are surveys of what our community members think about Harris 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.
Consensus Ratings for Harris (NYSE:HRS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 5 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.83) |
| Consensus Price Target: | $121.33 (7.94% downside) |
Analysts' Ratings History for Harris (NYSE:HRS)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/21/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $135.00 | Low |  |
| 9/12/2017 | Cowen and Company | Reiterated Rating | Buy | $125.00 -> $134.00 | Low | |
| 8/28/2017 | Credit Suisse Group | Initiated Coverage | Outperform -> Outperform | $144.00 | High | |
| 5/1/2017 | Barclays PLC | Downgrade | Overweight -> Equal Weight | $110.00 | Medium | |
| 11/7/2016 | Seaport Global Securities | Initiated Coverage | Buy | $105.00 | N/A | |
| 10/28/2016 | Vertical Research | Initiated Coverage | Buy | $100.00 | N/A | |
| 9/6/2016 | Citigroup Inc. | Lower Price Target | Buy | $112.00 -> $95.00 | N/A | |
| 8/3/2016 | J P Morgan Chase & Co | Set Price Target | Buy | $93.00 | N/A | |
| 6/17/2016 | Drexel Hamilton | Reiterated Rating | Buy | | N/A | |
| 5/16/2016 | Sterne Agee CRT | Reiterated Rating | Buy | | N/A | |
| 4/12/2016 | Goldman Sachs Group, Inc. (The) | Boost Price Target | Buy | $102.00 -> $108.00 | N/A | |
| 11/4/2015 | Royal Bank Of Canada | Boost Price Target | Outperform | $90.00 -> $97.00 | N/A | |
(Data available from 9/24/2015 forward)
Earnings History for Harris (NYSE:HRS)Earnings History by Quarter for Harris (NYSE HRS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | $1.34 | | | | | N/A | |
| 8/1/2017 | Q4 2017 | $1.49 | $1.49 | $1.52 billion | $1.54 billion | View | Listen | |
| 5/3/2017 | Q3 17 | $1.31 | $1.38 | $1.46 billion | $1.49 billion | View | Listen | |
| 2/2/2017 | Q217 | $1.37 | $1.42 | $1.77 billion | $1.70 billion | View | Listen | |
| 11/1/2016 | Q117 | $1.34 | $1.39 | $1.74 billion | $1.75 billion | View | N/A | |
| 8/2/2016 | Q416 | $1.44 | $1.45 | $1.94 billion | $1.90 billion | View | N/A | |
| 5/3/2016 | Q316 | $1.39 | $1.45 | $1.92 billion | $1.91 billion | View | N/A | |
| 2/2/2016 | Q216 | $1.36 | $1.49 | $1.89 billion | $1.84 billion | View | N/A | |
| 11/3/2015 | Q116 | $1.31 | $1.31 | $1.85 billion | $1.81 billion | View | N/A | |
| 8/7/2015 | Q415 | $1.21 | $1.32 | $1.24 billion | $1.53 billion | View | N/A | |
| 5/5/2015 | Q315 | $1.23 | $1.32 | $1.21 billion | $1.27 billion | View | N/A | |
| 2/6/2015 | Q215 | $1.18 | $1.32 | $1.18 billion | $1.21 billion | View | N/A | |
| 10/28/2014 | Q115 | $1.10 | $1.18 | $1.15 billion | $1.16 billion | View | N/A | |
| 7/29/2014 | Q414 | $1.27 | $1.28 | $1.30 billion | $1.33 billion | View | N/A | |
| 4/29/2014 | Q314 | $1.19 | $1.27 | $1.23 billion | $1.27 billion | View | N/A | |
| 1/27/2014 | Q214 | $1.18 | $1.27 | $1.24 billion | $1.22 billion | View | N/A | |
| 10/29/2013 | Q114 | $1.13 | $1.18 | $1.22 billion | $1.19 billion | View | N/A | |
| 7/30/2013 | Q4 2013 | $1.15 | $1.41 | $1.31 billion | $1.36 billion | View | N/A | |
| 4/30/2013 | Q3 2013 | $1.12 | $1.42 | $1.21 billion | $1.20 billion | View | N/A | |
| 1/29/2013 | Q2 2013 | $1.20 | $1.24 | $1.31 billion | $1.31 billion | View | N/A | |
| 10/29/2012 | Q113 | $1.12 | $1.14 | $1.29 billion | $1.26 billion | View | N/A | |
| 7/31/2012 | | $1.42 | $1.42 | | | View | N/A | |
| 5/1/2012 | | $1.34 | $1.39 | | | View | N/A | |
| 1/31/2012 | | $1.19 | $1.22 | | | View | N/A | |
| 10/26/2011 | | $1.05 | $1.06 | | | View | N/A | |
| 8/2/2011 | | $1.24 | $1.24 | | | View | N/A | |
| 5/3/2011 | | $1.15 | $1.16 | | | View | N/A | |
| 1/26/2011 | | $1.11 | $1.20 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Harris (NYSE:HRS)2017 EPS Consensus Estimate: $5.56
2018 EPS Consensus Estimate: $6.03
2019 EPS Consensus Estimate: $7.01
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $1.36 | $1.36 | $1.36 |
| Q2 2017 | 2 | $1.34 | $1.41 | $1.38 |
| Q3 2017 | 2 | $1.31 | $1.35 | $1.33 |
| Q4 2017 | 2 | $1.48 | $1.50 | $1.49 |
| Q1 2018 | 2 | $1.27 | $1.34 | $1.31 |
| Q2 2018 | 2 | $1.37 | $1.43 | $1.40 |
| Q3 2018 | 2 | $1.57 | $1.67 | $1.62 |
| Q4 2018 | 2 | $1.69 | $1.71 | $1.70 |
| Q1 2019 | 1 | $1.48 | $1.48 | $1.48 |
| Q2 2019 | 1 | $1.61 | $1.61 | $1.61 |
| Q3 2019 | 1 | $1.92 | $1.92 | $1.92 |
| Q4 2019 | 1 | $2.00 | $2.00 | $2.00 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Harris (NYSE:HRS)| Most Recent Dividend: | 9/22/2017 |
| Annual Dividend: | $2.28 |
| Dividend Yield: | 1.73% |
| Dividend Growth: | 9.20% (3 Year Average) |
| Payout Ratio: | 51.47% (Trailing 12 Months of Earnings)
37.94% (Based on This Year's Estimates)
33.28% (Based on Next Year's Estimates)
|
| Track Record: | 15 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Harris (NYSE HRS)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/25/2017 | quarterly | $0.57 | 1.88% | 9/7/2017 | 9/8/2017 | 9/22/2017 |
| 4/28/2017 | quarterly | $0.53 | 1.93% | 5/31/2017 | 6/2/2017 | 6/16/2017 |
| 3/3/2017 | quarterly | $0.53 | 1.93% | 3/10/2017 | 3/14/2017 | 3/24/2017 |
| 10/28/2016 | quarterly | $0.53 | 2.38% | 11/16/2016 | 11/18/2016 | 12/6/2016 |
| 8/29/2016 | quarterly | $0.53 | 2.29% | 9/7/2016 | 9/9/2016 | 9/21/2016 |
| 4/22/2016 | quarterly | $0.50 | 2.54% | 5/27/2016 | 6/1/2016 | 6/13/2016 |
| 2/26/2016 | quarterly | $0.50 | 2.56% | 3/8/2016 | 3/10/2016 | 3/21/2016 |
| 10/23/2015 | quarterly | $0.50 | 2.65% | 11/17/2015 | 11/19/2015 | 12/4/2015 |
| 8/28/2015 | quarterly | $0.50 | 2.6% | 9/9/2015 | 9/11/2015 | 9/24/2015 |
| 4/24/2015 | quarterly | $0.47 | 2.32% | 5/20/2015 | 5/22/2015 | 6/12/2015 |
| 2/27/2015 | quarterly | $0.47 | 2.39% | 3/6/2015 | 3/10/2015 | 3/23/2015 |
| 10/24/2014 | quarterly | $0.47 | 2.77% | 11/18/2014 | 11/20/2014 | 12/5/2014 |
| 8/25/2014 | quarterly | $0.47 | 2.64% | 9/5/2014 | 9/9/2014 | 9/23/2014 |
| 4/25/2014 | quarterly | $0.42 | 2.35% | 5/28/2014 | 5/30/2014 | 6/13/2014 |
| 2/28/2014 | quarterly | $0.42 | 2.28% | 3/7/2014 | 3/11/2014 | 3/21/2014 |
| 10/25/2013 | quarterly | $0.42 | 2.83% | 11/19/2013 | 11/21/2013 | 12/6/2013 |
| 8/26/2013 | quarterly | $0.42 | 2.95% | 9/6/2013 | 9/10/2013 | 9/24/2013 |
| 4/26/2013 | quarterly | $0.37 | 3.32% | 5/29/2013 | 5/31/2013 | 6/14/2013 |
| 2/22/2013 | quarterly | $0.37 | 3.14% | 3/5/2013 | 3/7/2013 | 3/20/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Harris (NYSE:HRS)Insider Ownership Percentage: 1.91%
Institutional Ownership Percentage: 84.99%
Insider Trades by Quarter for Harris (NYSE:HRS)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/12/2017 | Scott T Mikuen | SVP | Sell | 13,600 | $123.36 | $1,677,696.00 | |
| 9/8/2017 | Scott T. Mikuen | SVP | Sell | 4,387 | $121.70 | $533,897.90 | |
| 8/21/2017 | Sheldon J Fox | SVP | Sell | 50,300 | $118.24 | $5,947,472.00 | |
| 8/10/2017 | Christopher D Young | Insider | Sell | 4,070 | $118.93 | $484,045.10 | |
| 5/31/2017 | Robert L Duffy | SVP | Sell | 33,600 | $112.01 | $3,763,536.00 | |
| 3/10/2017 | Scott T Mikuen | SVP | Sell | 20,600 | $109.71 | $2,260,026.00 | |
| 2/9/2017 | James F Albaugh | Director | Buy | 1,000 | $104.99 | $104,990.00 | |
| 2/8/2017 | Robert L Duffy | SVP | Sell | 21,050 | $105.51 | $2,220,985.50 | |
| 2/3/2017 | Dana A Mehnert | SVP | Sell | 99,400 | $104.64 | $10,401,216.00 | |
| 11/3/2016 | Edward J Zoiss | Insider | Sell | 1,884 | $92.99 | $175,193.16 | |
| 9/6/2016 | William H Gattle | Insider | Sell | 1,366 | $93.75 | $128,062.50 | |
| 8/8/2016 | Sheldon J Fox | SVP | Sell | 17,700 | $88.02 | $1,557,954.00 | |
| 8/4/2016 | Dana A Mehnert | SVP | Sell | 27,000 | $88.02 | $2,376,540.00 | |
| 8/2/2016 | Scott T Mikuen | SVP | Sell | 9,400 | $88.00 | $827,200.00 | |
| 6/10/2016 | Dana A Mehnert | SVP | Sell | 100 | $82.00 | $8,200.00 | |
| 6/8/2016 | Dana A Mehnert | SVP | Sell | 6,600 | $82.03 | $541,398.00 | |
| 11/16/2015 | Scott T. Mikuen | SVP | Sell | 8,800 | $80.00 | $704,000.00 | |
| 6/15/2015 | Sheldon J Fox | Insider | Sell | 11,891 | $77.80 | $925,119.80 | |
| 6/11/2015 | Dana A Mehnert | Insider | Sell | 48,700 | $78.67 | $3,831,229.00 | |
| 11/25/2014 | Lewis A Schwartz | VP | Sell | 47,400 | $72.01 | $3,413,274.00 | |
| 10/1/2014 | David B Rickard | Director | Sell | 4,228 | $66.34 | $280,485.52 | |
| 10/1/2014 | Lewis A Schwartz | VP | Sell | 18,401 | $66.23 | $1,218,698.23 | |
| 8/1/2014 | Dana A Mehnert | Insider | Sell | 33,770 | $68.43 | $2,310,881.10 | |
| 3/5/2014 | Lewis Hay III | Director | Sell | 4,228 | $74.62 | $315,493.36 | |
| 2/19/2014 | Scott Mikuen | SVP | Sell | 30,716 | $72.57 | $2,229,060.12 | |
| 2/7/2014 | Sheldon Fox | Insider | Sell | 9,724 | $70.63 | $686,806.12 | |
| 12/13/2013 | James Stoffel | Director | Sell | 3,706 | $65.71 | $243,521.26 | |
| 12/2/2013 | Stephen Kaufman | Director | Sell | 4,228 | $64.48 | $272,621.44 | |
| 11/5/2013 | Gary Mcarthur | VP | Sell | 71,346 | $62.19 | $4,437,007.74 | |
| 11/4/2013 | Lewis A Schwartz | VP | Sell | 23,330 | $61.70 | $1,439,461.00 | |
| 9/24/2013 | David Rickard | Director | Sell | 4,228 | $57.79 | $244,336.12 | |
| 9/12/2013 | Scott Mikuen | SVP | Sell | 11,067 | $58.16 | $643,656.72 | |
| 9/11/2013 | Stephen Kaufman | Director | Sell | 1,057 | $57.82 | $61,115.74 | |
| 8/2/2013 | Dana A Mehnert | Insider | Sell | 6,183 | $56.70 | $350,576.10 | |
| 5/16/2013 | Lewis Hay III | Director | Sell | 4,228 | $50.00 | $211,400.00 | |
| 8/22/2012 | David B Rickard | Director | Sell | 4,228 | $46.12 | $194,995.36 | |
(Data available from 1/1/2013 forward)
Headline Trends for Harris (NYSE:HRS)
Latest Headlines for Harris (NYSE:HRS)
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Harris (HRS) Chart for Sunday, September, 24, 2017
