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

Harris trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRS."

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.

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.

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.

Harris is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Harris.

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.

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."

Some companies that are related to Harris include Raytheon (RTN), Northrop Grumman (NOC), Garmin (GRMN), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Coda Octopus Group (CODA), Applied Energetics (AERG) and PASSUR Aerospace (PSSR).

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.

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.

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.

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.

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.

One share of HRS stock can currently be purchased for approximately $150.90.

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.

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]