Brokerages forecast that L3Harris (NYSE:LHX) will announce $2.77 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for L3Harris’ earnings, with estimates ranging from $2.63 to $3.01. L3Harris reported earnings of $1.96 per share in the same quarter last year, which suggests a positive year over year growth rate of 41.3%. The firm is scheduled to announce its next earnings report on Tuesday, February 4th.

On average, analysts expect that L3Harris will report full year earnings of $9.93 per share for the current financial year, with EPS estimates ranging from $9.72 to $10.00. For the next year, analysts expect that the business will report earnings of $11.29 per share, with EPS estimates ranging from $10.94 to $11.53. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for L3Harris.

L3Harris (NYSE:LHX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.19. L3Harris had a net margin of 12.02% and a return on equity of 16.42%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.43 billion. The firm’s quarterly revenue was up 187.4% on a year-over-year basis.

A number of equities research analysts recently commented on LHX shares. Morgan Stanley started coverage on shares of L3Harris in a research report on Tuesday, August 6th. They set an “overweight” rating and a $259.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of L3Harris from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Credit Suisse Group increased their target price on shares of L3Harris from $220.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Barclays reissued a “buy” rating and set a $270.00 target price on shares of L3Harris in a research report on Wednesday, October 9th. Finally, Buckingham Research increased their target price on shares of L3Harris from $197.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $235.89.

Shares of NYSE LHX traded up $2.76 during midday trading on Friday, reaching $202.52. 1,099,900 shares of the company’s stock traded hands, compared to its average volume of 1,241,272. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 1.49. The stock’s 50 day moving average is $203.28. L3Harris has a one year low of $123.24 and a one year high of $217.31. The stock has a market cap of $44.46 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 2.48 and a beta of 0.91.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.48%. L3Harris’s dividend payout ratio is currently 36.19%.

In other L3Harris news, CEO William M. Brown sold 130,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $211.07, for a total value of $27,439,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Dattilo purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of $200.80 per share, with a total value of $200,800.00. In the last ninety days, insiders sold 511,068 shares of company stock valued at $108,033,097. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Somerset Trust Co raised its holdings in shares of L3Harris by 0.5% in the third quarter. Somerset Trust Co now owns 15,031 shares of the company’s stock worth $3,136,000 after buying an additional 76 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in shares of L3Harris by 19.9% in the third quarter. Carroll Financial Associates Inc. now owns 494 shares of the company’s stock worth $103,000 after buying an additional 82 shares during the last quarter. Squar Milner Financial Services LLC raised its holdings in shares of L3Harris by 500.0% in the third quarter. Squar Milner Financial Services LLC now owns 120 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of L3Harris by 246.5% in the third quarter. Versant Capital Management Inc now owns 149 shares of the company’s stock worth $31,000 after buying an additional 106 shares during the last quarter. Finally, Sonora Investment Management LLC purchased a new position in shares of L3Harris in the third quarter worth $26,000. 97.80% of the stock is owned by institutional investors and hedge funds.

L3Harris Company Profile

L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.

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Earnings History and Estimates for L3Harris (NYSE:LHX)

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