L3Harris Technologies (LHX) Expected to Announce Earnings on Thursday

L3Harris Technologies (NYSE:LHX - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect L3Harris Technologies to post earnings of $2.55 per share and revenue of $5.29 billion for the quarter. L3Harris Technologies has set its FY 2025 guidance at 10.550-10.850 EPS.Parties that wish to listen to the company's conference call can do so using this link.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. On average, analysts expect L3Harris Technologies to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

L3Harris Technologies Stock Down 0.4 %

L3Harris Technologies stock traded down $0.87 during midday trading on Friday, hitting $218.01. 1,411,617 shares of the company's stock were exchanged, compared to its average volume of 1,002,536. The firm has a 50-day moving average of $208.87 and a two-hundred day moving average of $223.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The company has a market cap of $40.92 billion, a PE ratio of 27.70, a P/E/G ratio of 2.42 and a beta of 0.71. L3Harris Technologies has a 12 month low of $193.09 and a 12 month high of $265.74.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.20%. L3Harris Technologies's payout ratio is 60.99%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LHX shares. Bank of America reduced their price target on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Sanford C. Bernstein raised shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and lowered their price target for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $240.00 price objective on shares of L3Harris Technologies in a research report on Friday, January 31st. Barclays cut their price target on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley cut their price objective on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.35.

Insider Activity

In other news, insider Jon Rambeau sold 3,178 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares in the company, valued at $632,122. This represents a 53.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward J. Zoiss sold 1,783 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the sale, the insider now directly owns 30,620 shares of the company's stock, valued at $6,475,517.60. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Institutional Trading of L3Harris Technologies

An institutional investor recently raised its position in L3Harris Technologies stock. Brighton Jones LLC raised its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 233.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,284 shares of the company's stock after purchasing an additional 3,001 shares during the quarter. Brighton Jones LLC's holdings in L3Harris Technologies were worth $901,000 as of its most recent filing with the Securities and Exchange Commission. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.