Harris Corporation (NYSE:HRS) Expected to Earn Q1 2018 Earnings of $1.42 Per Share

Harris Corporation (NYSE:HRS) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Harris Corporation in a report released on Friday. Jefferies Group analyst H. Rubel anticipates that the communications equipment provider will earn $1.42 per share for the quarter. Jefferies Group has a “Buy” rating and a $135.00 price target on the stock. Jefferies Group also issued estimates for Harris Corporation’s Q2 2018 earnings at $1.49 EPS, Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.60 EPS and FY2020 earnings at $7.80 EPS.

Harris Corporation (NYSE:HRS) last released its earnings results on Wednesday, May 3rd. The communications equipment provider reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.07. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Harris Corporation had a return on equity of 23.25% and a net margin of 8.50%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. ILLEGAL ACTIVITY NOTICE: “Harris Corporation (NYSE:HRS) Expected to Earn Q1 2018 Earnings of $1.42 Per Share” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2017/07/17/harris-corporation-nysehrs-expected-to-earn-q1-2018-earnings-of-1-42-per-share.html.

Several other brokerages have also issued reports on HRS. Cowen and Company reiterated a “buy” rating and issued a $125.00 price target on shares of Harris Corporation in a report on Thursday, July 6th. BidaskClub upgraded Harris Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine upgraded Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Harris Corporation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Monday, April 10th. Finally, Barclays PLC lowered Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $110.75.

Shares of Harris Corporation (NYSE HRS) opened at 115.18 on Monday. The company has a market cap of $14.04 billion, a PE ratio of 24.76 and a beta of 1.22. Harris Corporation has a 1-year low of $84.70 and a 1-year high of $116.09. The firm has a 50-day moving average price of $110.14 and a 200 day moving average price of $108.08.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harwood Advisory Group LLC raised its position in Harris Corporation by 0.5% in the first quarter. Harwood Advisory Group LLC now owns 2,110 shares of the communications equipment provider’s stock worth $235,000 after buying an additional 10 shares in the last quarter. Cleararc Capital Inc. raised its position in Harris Corporation by 0.8% in the first quarter. Cleararc Capital Inc. now owns 3,047 shares of the communications equipment provider’s stock worth $339,000 after buying an additional 23 shares in the last quarter. Intrust Bank NA raised its position in Harris Corporation by 1.1% in the first quarter. Intrust Bank NA now owns 2,496 shares of the communications equipment provider’s stock worth $277,000 after buying an additional 26 shares in the last quarter. Advantus Capital Management Inc raised its position in Harris Corporation by 0.3% in the first quarter. Advantus Capital Management Inc now owns 12,533 shares of the communications equipment provider’s stock worth $1,395,000 after buying an additional 34 shares in the last quarter. Finally, ARP Americas LLC raised its position in Harris Corporation by 1.5% in the first quarter. ARP Americas LLC now owns 2,296 shares of the communications equipment provider’s stock worth $255,000 after buying an additional 35 shares in the last quarter. Institutional investors own 85.64% of the company’s stock.

In other news, SVP Robert L. Duffy sold 33,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $112.01, for a total value of $3,763,536.00. Following the transaction, the senior vice president now owns 50,311 shares in the company, valued at $5,635,335.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.71% of the stock is owned by company insiders.

Harris Corporation Company Profile

Earnings History and Estimates for Harris Corporation (NYSE:HRS)

What are top analysts saying about Harris Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Harris Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit