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NYSE:HRS

Harris (HRS) Stock Price, News & Analysis

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About Harris Stock (NYSE:HRS)

Key Stats

Today's Range
$246.45
$248.56
50-Day Range
$178.15
$207.60
52-Week Range
$123.24
$200.77
Volume
592,215 shs
Average Volume
1.29 million shs
Market Capitalization
$29.32 billion
P/E Ratio
38.18
Dividend Yield
1.10%
Price Target
N/A
Consensus Rating
N/A

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.

Harris Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
26th Percentile Overall Score

HRS MarketRank™: 

Harris scored higher than 26% of companies evaluated by MarketBeat, and ranked 540th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for Harris.

  • 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 38.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Harris is 38.18, 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 246.54.

  • 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 8.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for HRS.
  • 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.

  • Read more about Harris' dividend.
  • Short Interest

    There is no current short interest data available for HRS.
  • News Coverage This Week

    MarketBeat has tracked 7 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.
  • 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.

  • Read more about Harris' insider trading history.
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HRS Stock News Headlines

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See More Headlines

HRS Stock Analysis - Frequently Asked Questions

Harris Co. (NYSE:HRS) posted its quarterly earnings data on Sunday, October, 14th. The communications equipment provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Harris's revenue for the quarter was up 9.4% compared to the same quarter last year.

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
11/22/2024

Industry, Sector and Symbol

Industry
Search & Navigation Equipment
Sub-Industry
Communications Equipment
CUSIP
41387510
Fax
N/A
Employees
17,500
Year Founded
N/A

Profitability

Net Income
$718 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$6.18 billion
Cash Flow
$11.58 per share
Book Value
$27.98 per share

Miscellaneous

Free Float
N/A
Market Cap
$29.32 billion
Optionable
Not Optionable
Beta
0.98
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This page (NYSE:HRS) was last updated on 11/23/2024 by MarketBeat.com Staff
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