Harris Co. (NYSE:HRS) SVP Sheldon J. Fox sold 8,682 shares of Harris stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $156.00, for a total value of $1,354,392.00. Following the sale, the senior vice president now directly owns 53,724 shares in the company, valued at $8,380,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Harris Co. (NYSE HRS) opened at $157.99 on Friday. The company has a market cap of $18,779.49, a PE ratio of 26.72, a price-to-earnings-growth ratio of 4.07 and a beta of 1.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 1.22. Harris Co. has a one year low of $106.18 and a one year high of $161.04.
Harris (NYSE:HRS) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.28. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Harris had a net margin of 8.63% and a return on equity of 24.49%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. equities analysts expect that Harris Co. will post 6.48 EPS for the current year.
HRS has been the topic of a number of recent research reports. Credit Suisse Group lifted their target price on Harris from $167.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Cowen restated a “buy” rating and set a $157.00 price target on shares of Harris in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Harris from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Jefferies Group raised their price target on shares of Harris from $135.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Harris from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $154.57.
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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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