Harris (HRS) Getting Somewhat Favorable Press Coverage, Accern Reports

Headlines about Harris (NYSE:HRS) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harris earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 44.6813147854613 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

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Several research firms recently commented on HRS. Credit Suisse Group boosted 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. ValuEngine upgraded Harris from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Harris from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, January 18th. Finally, Cowen reiterated a “buy” rating and issued a $170.00 price objective on shares of Harris in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $154.57.

Harris (NYSE:HRS) traded down $1.67 on Friday, hitting $156.51. The stock had a trading volume of 2,272,567 shares, compared to its average volume of 632,991. Harris has a 1 year low of $106.18 and a 1 year high of $161.04. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.22 and a quick ratio of 0.68. The stock has a market cap of $18,780.68, a PE ratio of 37.00, a P/E/G ratio of 4.07 and a beta of 1.27.

Harris (NYSE:HRS) last posted its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.28. Harris had a return on equity of 24.49% and a net margin of 8.63%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $1.38 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts expect that Harris will post 6.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 8th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, March 7th. Harris’s payout ratio is currently 53.90%.

In other news, SVP Scott T. Mikuen sold 20,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $151.18, for a total value of $3,023,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dana A. Mehnert sold 51,200 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $153.19, for a total value of $7,843,328.00. The disclosure for this sale can be found here. In the last three months, insiders sold 79,882 shares of company stock valued at $12,221,320. 1.91% of the stock is currently owned by corporate insiders.

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About Harris

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.

Insider Buying and Selling by Quarter for Harris (NYSE:HRS)

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