Harris Co. (HRS) Announces Quarterly Dividend of $0.47
Harris (NYSE:HRS) declared a quarterly dividend on Monday, August 25th, Stock Ratings News reports. Shareholders of record on Tuesday, September 9th will be given a dividend of 0.47 per share on Tuesday, September 23rd. This represents a $1.88 dividend on an annualized basis and a yield of 2.65%.
A number of analysts have recently weighed in on HRS shares. Analysts at Barclays reiterated an “underweight” rating on shares of Harris in a research note on Wednesday, July 30th. They now have a $71.00 price target on the stock, down previously from $72.00. Analysts at JPMorgan Chase & Co. raised their price target on shares of Harris from $60.00 to $64.00 in a research note on Wednesday, July 30th.
Harris (NYSE:HRS) traded up 0.65% on Monday, hitting $71.48. The stock had a trading volume of 36,538 shares. Harris has a one year low of $55.46 and a one year high of $79.32. The stock’s 50-day moving average is $71.0 and its 200-day moving average is $73.19. The company has a market cap of $7.555 billion and a price-to-earnings ratio of 14.34.
Harris (NYSE:HRS) last announced its earnings results on Tuesday, July 29th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Harris will post $4.86 earnings per share for the current fiscal year.
Harris Corporation (NYSE:HRS), together with its subsidiaries, is an international communications and information technology (IT) company serving government and commercial markets in more than 125 countries.
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