Harman International Industries (HAR) Set to Announce Quarterly Earnings on Thursday
Harman International Industries (NYSE:HAR) is scheduled to announce its Q114 earnings results on Thursday, October 31st. Analysts expect the company to announce earnings of $0.85 per share and revenue of $1.11 billion for the quarter.
Harman International Industries (NYSE:HAR) last announced its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.67 earnings per share. Harman International Industries’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Harman International Industries to post $3.88 EPS for the current fiscal year and $4.90 EPS for the next fiscal year.
Shares of Harman International Industries (NYSE:HAR) opened at 74.13 on Wednesday. Harman International Industries has a 52-week low of $36.92 and a 52-week high of $71.66. The stock’s 50-day moving average is $64.87 and its 200-day moving average is $52.70. The company has a market cap of $5.046 billion and a price-to-earnings ratio of 36.34.
A number of research firms have recently commented on HAR. Analysts at JPMorgan Chase & Co. raised their price target on shares of Harman International Industries from $75.00 to $86.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Harman International Industries from $59.00 to $68.00 in a research note to investors on Wednesday, October 16th. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.20.
Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems.
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