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

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$163.30 +2.62 (+1.63 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$160.68
Today's Range$160.02 - $163.71
52-Week Range$123.24 - $175.50
Volume679,150 shs
Average Volume1.04 million shs
Market Capitalization$19.21 billion
P/E Ratio25.12
Dividend Yield1.71%
Beta1.24
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 Communication 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$8.9333 per share
Book Value$27.98 per share

Profitability

Net Income$718 million

Miscellaneous

Employees17,500
Market Cap$19.21 billion
Next Earnings Date5/1/2019 (Confirmed)
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 Monday, February 25th. Stockholders of record on Friday, March 8th will be given a dividend of $0.685 per share on Friday, March 22nd. This represents a $2.74 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, March 7th. View Harris' Dividend History.

How will Harris' stock buyback program work?

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

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) released its earnings results on Tuesday, January, 29th. The communications equipment provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the business 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.

How can I listen to Harris' earnings call?

Harris will be holding an earnings conference call on Wednesday, May 1st at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774076184.

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

Harris updated its FY19 earnings guidance on Tuesday, January, 29th. The company provided earnings per share guidance of $7.90-8.00 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 1-year price targets for Harris' shares. Their forecasts range from $161.00 to $209.00. On average, they anticipate Harris' stock price to reach $183.3750 in the next year. This suggests a possible upside of 12.3% 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 coverage about HRS stock has been trending somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Harris earned a coverage optimism score of 1.1 on InfoTrie's scale. They also assigned media headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.

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), Micron Technology (MU), Chipotle Mexican Grill (CMG), Honeywell International (HON), Raytheon (RTN), Athabasca Oil (ATH), NVIDIA (NVDA) and Lockheed Martin (LMT).

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 retail and institutional investors. Top institutional shareholders 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 major 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., Teacher Retirement System of Texas, FMR LLC, Millennium Management LLC, Barclays PLC and Bessemer Group Inc.. Company insiders that have sold Harris company stock in the last year include Edward J Zoiss, Robert L Duffy, 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 purchased by a variety of institutional investors in the last quarter, including Norges Bank, American Century Companies Inc., Ceredex Value Advisors LLC, Two Sigma Advisers LP, California Public Employees Retirement System, Calamos Advisors LLC, First Trust Advisors LP and Legal & General Group Plc. 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 $163.30.

How big of a company is Harris?

Harris has a market capitalization of $19.21 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:  2.6 out of 5 (star star)
Outperform Votes:  371 (Vote Outperform)
Underperform Votes:  356 (Vote Underperform)
Total Votes:  727
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 3/18/2019 by MarketBeat.com Staff

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