Harris (HRS) Set to Announce Earnings on Tuesday

Harris (NYSE:HRS) is scheduled to release its earnings data before the market opens on Tuesday, January 30th. Analysts expect Harris to post earnings of $1.40 per share for the quarter. Harris has set its FY18 guidance at $5.85-6.05 EPS.

Harris (NYSE:HRS) last announced its earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 earnings per share for the quarter, beating the 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 firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect Harris to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Harris (NYSE:HRS) opened at $143.19 on Tuesday. Harris has a one year low of $99.13 and a one year high of $148.73. The firm has a market cap of $17,070.00, a PE ratio of 26.76, a P/E/G ratio of 4.00 and a beta of 1.13. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.14.

Several brokerages recently weighed in on HRS. Cowen reissued a “buy” rating and issued a $157.00 target price on shares of Harris in a research note on Monday. ValuEngine downgraded shares of Harris from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Harris from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a research note on Monday, October 16th. Seaport Global Securities restated a “buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of Harris in a report on Monday, October 9th. Finally, Jefferies Group lifted their price target on Harris from $135.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Harris presently has a consensus rating of “Buy” and a consensus price target of $148.14.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/23/harris-hrs-set-to-announce-earnings-on-tuesday.html.

Harris 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.

Earnings History for Harris (NYSE:HRS)

Receive News & Ratings for Harris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harris and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply