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

Sign in or create an account to add this stock to your watchlist.
$142.78 +4.13 (+2.98 %)
(As of 01/22/2019 09:27 AM ET)
Previous Close$138.65
Today's Range$139.27 - $143.31
52-Week Range$123.24 - $175.50
Volume1.50 million shs
Average Volume884,226 shs
Market Capitalization$16.80 billion
P/E Ratio21.97
Dividend Yield1.92%
Beta1.17
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.

Receive HRS News and Ratings via Email

Sign-up to receive the latest news and ratings for HRS and its competitors with MarketBeat's FREE daily newsletter.

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$8.8245 per share
Book Value$27.98 per share

Profitability

Net Income$718 million

Miscellaneous

Employees17,500
Market Cap$16.80 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. 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 yield of 1.92%. The ex-dividend date of this dividend is Wednesday, November 21st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris declared that its board has approved a share repurchase program on Saturday, April 8th 2017, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) issued its quarterly earnings data on Sunday, October, 14th. The communications equipment provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The communications equipment provider earned $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. Harris had a return on equity of 26.39% and a net margin of 12.20%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company 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.

How can I listen to Harris' earnings call?

Harris will be holding an earnings conference call on Tuesday, January 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774076184.

What price target have analysts set for HRS?

8 equities research analysts have issued 1 year price objectives for Harris' shares. Their predictions range from $161.00 to $209.00. On average, they expect Harris' stock price to reach $182.8750 in the next year. This suggests a possible upside of 28.1% 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' 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 merger with L3 Technologies will augment its market position offering it economies of scale. The deal will enable Harris to increase scale, strengthen core businesses and fortify position as a premier global defense technology company. Harris offered a bullish guidance for fiscal 2019. Additionally, multiple contract wins bode well for the company. The stock has also outperformed the industry in the past two years on an average. However, increasing cost of operations is likely to contract the profitability of the company in the long term. Cost of goods sold witnessed a compound annual growth rate of 4.4% from fiscal 2014 to fiscal 2018, eroding the gross profit of the company and affecting its growth potential to some extent." (1/3/2019)
  • 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 articles about HRS stock have trended very positive recently, InfoTrie reports. The research firm rates the sentiment of press 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 nearest to five being the most favorable. Harris earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

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 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 many different of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.08%), M. Kraus & Co (0.05%), Scout Investments Inc. (0.04%), First National Bank of Mount Dora Trust Investment Services (0.04%), State of Alaska Department of Revenue (0.03%) and Nisa Investment Advisors LLC (0.02%). 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 institutional investors are selling Harris stock?

HRS stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Hudson Valley Investment Advisors Inc. ADV, State of Alaska Department of Revenue, Gulf International Bank UK Ltd, IMA Wealth Inc., Meeder Asset Management Inc., Louisiana State Employees Retirement System and First National Bank of Mount Dora Trust Investment Services. 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 institutional investors are buying Harris stock?

HRS stock was purchased by a variety of institutional investors in the last quarter, including PFG Advisors, JGP Wealth Management LLC, Town & Country Bank & Trust CO dba First Bankers Trust CO, Lodestar Investment Counsel LLC IL, First Citizens Bank & Trust Co., Nachman Norwood & Parrott Inc, Tower View Investment Management & Research LLC and Investment Partners 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 $142.78.

How big of a company is Harris?

Harris has a market capitalization of $16.80 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:  350 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  703
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 1/22/2019 by MarketBeat.com Staff

Featured Article: Fiduciary

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel