L3Harris Technologies (NYSE:LHX) Updates FY 2025 Earnings Guidance

L3Harris Technologies (NYSE:LHX - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 10.550-10.850 for the period, compared to the consensus EPS estimate of 14.140. The company issued revenue guidance of $21.8 billion-$22.2 billion, compared to the consensus revenue estimate of $21.9 billion.

L3Harris Technologies Trading Down 0.9 %

LHX traded down $1.89 during trading hours on Thursday, reaching $210.06. The company's stock had a trading volume of 1,067,270 shares, compared to its average volume of 1,191,449. The stock has a market cap of $39.84 billion, a PE ratio of 33.27, a P/E/G ratio of 1.75 and a beta of 0.75. L3Harris Technologies has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. The business's 50-day moving average is $221.93 and its 200-day moving average is $232.57.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. As a group, equities research analysts predict that L3Harris Technologies will post 13.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on LHX. Barclays reduced their price target on shares of L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Citigroup upped their price target on L3Harris Technologies from $268.00 to $291.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Truist Financial decreased their target price on L3Harris Technologies from $300.00 to $283.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on L3Harris Technologies from $270.00 to $265.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Finally, Argus raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.07.

Insider Activity

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the transaction, the insider now directly owns 8,576 shares in the company, valued at $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 7,889 shares of company stock worth $1,800,572. 0.82% of the stock is currently owned by insiders.

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.