Wall Street analysts forecast that Harris Corporation (NYSE:HRS) will report earnings per share (EPS) of $1.40 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Harris’ earnings, with the lowest EPS estimate coming in at $1.39 and the highest estimate coming in at $1.42. Harris reported earnings per share of $1.42 in the same quarter last year, which suggests a negative year over year growth rate of 1.4%. The business is expected to issue its next earnings results on Thursday, February 1st.

On average, analysts expect that Harris will report full year earnings of $5.99 per share for the current fiscal year, with EPS estimates ranging from $5.94 to $6.05. For the next financial year, analysts anticipate that the business will post earnings of $6.93 per share, with EPS estimates ranging from $6.55 to $7.28. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Harris.

Harris (NYSE:HRS) last posted its earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. Harris had a net margin of 9.02% and a return on equity of 23.36%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on HRS shares. ValuEngine raised shares of Harris from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Harris from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Credit Suisse Group initiated coverage on shares of Harris in a report on Monday, August 28th. They set an “outperform” rating and a $144.00 price objective on the stock. J P Morgan Chase & Co increased their price objective on shares of Harris from $138.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Cowen reissued a “buy” rating and set a $150.00 price objective on shares of Harris in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $145.43.

Harris (NYSE HRS) traded down $0.61 on Tuesday, hitting $142.64. 492,100 shares of the stock traded hands, compared to its average volume of 744,143. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.14. Harris has a fifty-two week low of $99.13 and a fifty-two week high of $144.94. The company has a market cap of $17,075.49, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.28 dividend on an annualized basis and a yield of 1.60%. Harris’s payout ratio is presently 50.89%.

A number of institutional investors have recently added to or reduced their stakes in HRS. Capital Research Global Investors acquired a new position in Harris during the 2nd quarter valued at about $304,508,000. Janus Henderson Group PLC lifted its position in Harris by 12,337.7% during the 2nd quarter. Janus Henderson Group PLC now owns 2,459,438 shares of the communications equipment provider’s stock valued at $268,276,000 after purchasing an additional 2,439,664 shares during the period. Koch Industries Inc. acquired a new position in Harris during the 2nd quarter valued at about $612,000. SG Americas Securities LLC raised its position in shares of Harris by 2,515.7% in the 2nd quarter. SG Americas Securities LLC now owns 475,954 shares of the communications equipment provider’s stock valued at $51,917,000 after acquiring an additional 457,758 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Harris by 90.1% in the 2nd quarter. Principal Financial Group Inc. now owns 675,756 shares of the communications equipment provider’s stock valued at $73,710,000 after acquiring an additional 320,216 shares during the period. Institutional investors own 84.41% of the company’s stock.

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