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

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

Harris announced a quarterly dividend on Friday, October 26th. Shareholders of record on Friday, November 23rd will be given a dividend of $0.685 per share on Friday, December 7th. This represents a $2.74 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, November 21st. View Harris' Dividend History.

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

Harris Co. (NYSE:HRS) posted its earnings results on Tuesday, January, 29th. The communications equipment provider reported $1.96 EPS for the quarter, topping the Zacks' consensus estimate of $1.91 by $0.05. The communications equipment provider earned $1.67 billion during the quarter, compared to the consensus estimate of $1.63 billion. Harris had a return on equity of 26.55% and a net margin of 13.29%. Harris's revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. View Harris' Earnings History.

Harris is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Harris.

Harris updated its FY19 earnings guidance on Tuesday, January, 29th. The company provided EPS 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.

8 equities research analysts have issued 12 month price targets for Harris' stock. Their forecasts range from $161.00 to $209.00. On average, they anticipate Harris' share price to reach $183.3750 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View Analyst Price Targets 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.

News coverage about HRS stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring 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 news sentiment score of 1.3 on InfoTrie's scale. They also assigned media headlines about the communications equipment provider a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

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).

Harris' stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.

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., Millennium Management LLC, Barclays PLC, Bessemer Group Inc., Scout Investments Inc. and Squarepoint Ops LLC. Company insiders that have sold Harris company stock in the last year include Dana A Mehnert, Edward J Zoiss, Robert L Duffy, Scott T Mikuen, Sheldon J Fox and Todd A Taylor. View Insider Buying and Selling for Harris.

HRS stock was purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Two Sigma Advisers LP, California Public Employees Retirement System, Calamos Advisors LLC, First Trust Advisors LP, Legal & General Group Plc, Eaton Vance Management and Martin Investment Management LLC. 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 $164.80.

Harris has a market capitalization of $19.39 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.

The official website for Harris is http://www.harris.com.

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]