Harris (HRS) Stock Price, News & Analysis

Company Overview

Harris 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, 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 vision-enhancing products; wireless communications systems; and 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 electronic warfare, avionics, command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions for defense and classified customers; and mission-critical communication systems for civil and military aviation and other customers. Further, the company offers intelligence, space protection, geospatial, earth observation, exploration, positioning, navigation and timing, and environmental solutions using advanced sensors, antennas, and payloads, as well as ground processing and information analytics for national security, defense, civil and commercial customers. Harris Corporation was founded in 1895 and is headquartered in Melbourne, Florida.

Key Stats

• Today's Range: $242.58 to $246.59
• 50-Day Range: $178.15 to $207.60
• 52-Week Range: $123.24 to $200.77
• Volume: 784,167 shs
• Average Volume: 1.29 million shs
• Market Capitalization: $28.77 billion
• P/E Ratio: 37.47
• Dividend Yield: 1.12%
• Price Target: N/A
• Consensus Rating: N/A

Harris Stock Analysis - MarketRank™

Harris scored higher than 26% of companies evaluated by MarketBeat, and ranked 550th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Harris.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.43%

Earnings Growth

Earnings for Harris are expected to grow by 10.43% in the coming year, from $8.15 to $9.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Harris is 37.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harris is 37.47, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 268.73.

Price to Earnings Growth Ratio

Harris has a PEG Ratio of 2.90. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Harris has a P/B Ratio of 8.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for HRS.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Harris pays a meaningful dividend of 1.45%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Harris does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Harris is 42.15%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Harris will have a dividend payout ratio of 30.44% next year. This indicates that Harris will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -2.16

Short Interest

There is no current short interest data available for HRS.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 6 news articles for Harris this week, compared to 41 articles on an average week.

MarketBeat Follows

13 people have added Harris to their MarketBeat watchlist in the last 30 days. This is an increase of 333% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Harris insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.51% of the stock of Harris is held by insiders.

Percentage Held by Institutions

96.71% of the stock of Harris is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HRS Stock Analysis - Frequently Asked Questions

How were Harris' earnings last quarter?

Harris Co. (NYSE:HRS) issued its quarterly earnings data on Sunday, October, 14th. The communications equipment provider reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The firm's revenue for the quarter was up 9.4% on a year-over-year basis.

What other stocks do shareholders of Harris own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harris investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV) and Aegean Marine Petroleum Network (ANW).

Company Calendar

• Last Earnings: 10/14/2018
• Today: 11/21/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Search & Navigation Equipment
• Sub-Industry: Communications Equipment
• Current Symbol: NYSE:HRS
• CUSIP: 41387510
• CIK: 202058
• Web: www.harris.com
• Phone: 321-727-9100
• Fax: N/A
• Employees: 17,500
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $6.50
• Trailing P/E Ratio: 37.47
• Forward P/E Ratio: 29.89
• P/E Growth: 2.9
• Net Income: $718 million
• Net Margins: 13.60%
• Pretax Margin: N/A
• Return on Equity: 27.13%
• Return on Assets: 9.36%

Debt

• Debt-to-Equity Ratio: 0.95
• Current Ratio: 1.42
• Quick Ratio: 1.15

Sales & Book Value

• Annual Sales: $6.18 billion
• Price / Sales: 4.65
• Cash Flow: $11.37 per share
• Price / Cash Flow: 21.43
• Book Value: $27.98 per share
• Price / Book: 8.71

Miscellaneous

• Outstanding Shares: 118,130,000
• Free Float: N/A
• Market Cap: $28.77 billion
• Optionable: Not Optionable
• Beta: 0.98