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

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$145.23 -0.22 (-0.15 %)
(As of 06/21/2018 04:02 AM ET)
Previous Close$145.45
Today's Range$144.84 - $146.19
52-Week Range$108.29 - $170.54
Volume562,573 shs
Average Volume777,985 shs
Market Capitalization$17.72 billion
P/E Ratio26.26
Dividend Yield1.53%
Beta1.25
Harris logoHarris 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, 2-channel vehicular 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 secure communications systems and equipment, including 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 earth observation, environmental, exploration, geospatial, space protection, and intelligence solutions, such as sensors and payloads, as well as ground processing and information analytics for security, defense, civil, and commercial customers; and positioning, navigation, and timing products, systems, and solutions. Further, the company offers electronic warfare, avionics, surveillance and reconnaissance, command, control, communications, computers and intelligence, and undersea systems and solutions for aviation, defense, and maritime applications. Additionally, it provides managed services that support air traffic management; engineering support and sustainment for ground-based systems; and information technology and engineering managed services to government and commercial customers. The company 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
SymbolNYSE:HRS
CUSIP41387510
Phone321-727-9100

Debt

Debt-to-Equity Ratio1.08
Current Ratio1.12
Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio26.26
Forward P/E Ratio22.41
P/E Growth3.84

Sales & Book Value

Annual Sales$5.90 billion
Price / Sales2.92
Cash Flow$7.9797 per share
Price / Cash18.20
Book Value$24.02 per share
Price / Book6.05

Profitability

EPS (Most Recent Fiscal Year)$5.53
Net Income$553 million
Net Margins10.43%
Return on Equity25.07%
Return on Assets7.53%

Miscellaneous

Employees17,000
Outstanding Shares118,730,000

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 announced 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 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, May 31st. View Harris' Dividend History.

How will Harris' stock buyback program work?

Harris declared that its Board of Directors has initiated a stock buyback 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 shares through open market purchases. Shares buyback plans are often 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 results on Wednesday, May, 2nd. The communications equipment provider reported $1.67 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.63 by $0.04. The communications equipment provider earned $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. Harris had a return on equity of 25.07% and a net margin of 10.43%. Harris's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.38 earnings per share. View Harris' Earnings History.

When is Harris' next earnings date?

Harris is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Harris.

What price target have analysts set for HRS?

8 Wall Street analysts have issued 1-year price objectives for Harris' shares. Their predictions range from $145.00 to $196.00. On average, they anticipate Harris' share price to reach $168.3750 in the next year. 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 reported healthy third-quarter fiscal 2018 financial results, wherein both the top line and the bottom line surpassed the respective Zacks Consensus Estimate. The company’s continuous investment in business innovation remains encouraging. Strong customer position and well-funded budget enables Harris to accelerate its top-line growth while maintaining best-in-class margins. The company witnessed a growth in orders across all three operating segments in the third quarter. The stock has also outperformed the industry, on an average, in the past three months. However, the company is highly dependent on sales revenue to U.S. Government. Increasing cost of operations contracts the company’s profitability in the near term. Margin woes remain a perennial threat for the company. Harris' high debt levels remain a potent threat, discouraging investors to some extent." (5/4/2018)
  • 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)

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 55)
  • Mr. Rahul Ghai, Sr. VP & CFO (Age 46)
  • Mr. Sheldon J. Fox, Sr. VP of Operations & Information Technology (Age 59)
  • Mr. Scott T. Mikuen, Sr. VP, Gen. Counsel & Sec. (Age 56)
  • Mr. Dana A. Mehnert, Sr. VP & Chief Global Bus. Devel. Officer (Age 56)

Has Harris been receiving favorable news coverage?

News headlines about HRS stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Harris earned a media sentiment score of 0.07 on Accern's scale. They also gave press coverage about the communications equipment provider an impact score of 45.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Harris' major shareholders?

Harris' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.27%), Wells Fargo & Company MN (4.31%), Boston Partners (2.28%), Northern Trust Corp (1.04%), Burgundy Asset Management Ltd. (0.86%) and Prudential Financial Inc. (0.77%). 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.

Which major investors are selling Harris stock?

HRS stock was sold by a variety of institutional investors in the last quarter, including Burgundy Asset Management Ltd., Federated Investors Inc. PA, Wells Fargo & Company MN, Millennium Management LLC, Northern Trust Corp, Guggenheim Capital LLC, State of Wisconsin Investment Board and Loomis Sayles & Co. L P. 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.

Which major investors are buying Harris stock?

HRS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Prudential Financial Inc., Carillon Tower Advisers Inc., WINTON GROUP Ltd, Victory Capital Management Inc., Teacher Retirement System of Texas and Amundi Pioneer Asset Management Inc.. 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 $145.23.

How big of a company is Harris?

Harris has a market capitalization of $17.72 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.

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 (HRS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  257 (Vote Outperform)
Underperform Votes:  297 (Vote Underperform)
Total Votes:  554
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 6/21/2018 by MarketBeat.com Staff

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