Comparing Harris Corporation (HRS) and The Competition
Harris Corporation (NYSE: HRS) is one of 67 public companies in the “Communications & Networking” industry, but how does it contrast to its rivals? We will compare Harris Corporation to similar companies based on the strength of its valuation, risk, analyst recommendations, dividends, profitability, earnings and institutional ownership.
This is a breakdown of recent ratings and target prices for Harris Corporation and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Harris Corporation Competitors||362||2381||3903||152||2.57|
Harris Corporation currently has a consensus price target of $121.33, suggesting a potential downside of 9.98%. As a group, “Communications & Networking” companies have a potential upside of 25.39%. Given Harris Corporation’s rivals higher possible upside, analysts clearly believe Harris Corporation has less favorable growth aspects than its rivals.
Earnings and Valuation
This table compares Harris Corporation and its rivals revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Harris Corporation||$5.90 billion||$1.40 billion||30.43|
|Harris Corporation Competitors||$2.41 billion||$618.33 million||26.67|
Harris Corporation has higher revenue and earnings than its rivals. Harris Corporation is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Harris Corporation pays an annual dividend of $2.28 per share and has a dividend yield of 1.7%. Harris Corporation pays out 51.5% of its earnings in the form of a dividend. As a group, “Communications & Networking” companies pay a dividend yield of 2.0% and pay out 40.7% of their earnings in the form of a dividend. Harris Corporation has increased its dividend for 15 consecutive years. Harris Corporation lags its rivals as a dividend stock, given its lower dividend yield and higher payout ratio.
Risk and Volatility
Harris Corporation has a beta of 1.18, suggesting that its stock price is 18% more volatile than the S&P 500. Comparatively, Harris Corporation’s rivals have a beta of 1.17, suggesting that their average stock price is 17% more volatile than the S&P 500.
Institutional & Insider Ownership
85.0% of Harris Corporation shares are held by institutional investors. Comparatively, 64.0% of shares of all “Communications & Networking” companies are held by institutional investors. 1.9% of Harris Corporation shares are held by company insiders. Comparatively, 13.4% of shares of all “Communications & Networking” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This table compares Harris Corporation and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Harris Corporation Competitors||-1.80%||-6.70%||0.40%|
Harris Corporation beats its rivals on 10 of the 15 factors compared.
Harris Corporation Company Profile
Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
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