L3Harris Technologies (LHX) Expected to Announce Earnings on Thursday

L3Harris Technologies (NYSE:LHX - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $3.43 per share and revenue of $5.50 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

L3Harris Technologies Stock Performance

Shares of LHX stock traded down $8.94 on Tuesday, hitting $213.36. The company's stock had a trading volume of 1,543,444 shares, compared to its average volume of 1,181,872. L3Harris Technologies has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a market capitalization of $40.47 billion, a PE ratio of 33.71, a PEG ratio of 1.75 and a beta of 0.75. The stock's 50 day moving average is $223.18 and its 200-day moving average is $232.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

Insider Buying and Selling

In other news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $210.06, for a total transaction of $288,412.38. Following the sale, the insider now directly owns 5,049 shares of the company's stock, valued at approximately $1,060,592.94. This trade represents a 21.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 7,889 shares of company stock worth $1,800,572 in the last 90 days. Insiders own 0.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on LHX shares. Susquehanna lowered their target price on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Wolfe Research raised L3Harris Technologies from a "peer perform" rating to an "outperform" rating and set a $300.00 price objective for the company in a report on Thursday, October 10th. StockNews.com raised L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada raised their target price on shares of L3Harris Technologies from $240.00 to $265.00 and gave the company a "sector perform" rating in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, L3Harris Technologies has an average rating of "Moderate Buy" and a consensus target price of $266.19.

About L3Harris Technologies

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.