News headlines about Harris (NYSE:HRS) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harris earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 42.1417816619413 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Joshua Harris, Founder of Agency Growth Secrets, Announces Launch of U.S. Military Veteran Entrepreneur Website (prweb.com)
- Harris Co. (HRS) SVP Sells $627,407.25 in Stock (americanbankingnews.com)
- Teen who reported finding baby in N. Harris Co. wooded area actually gave birth to newborn, sheriff says (abc13.com)
- MUSEUM MUSINGS: Minnie Harris legacy is more than a park (harrisondaily.com)
- Woman who reported finding baby in N. Harris Co. wooded area actually gave birth to newborn, sheriff says (abc13.com)
Harris stock opened at $163.47 on Friday. The company has a market capitalization of $18.97 billion, a PE ratio of 24.87, a P/E/G ratio of 3.46 and a beta of 1.21. Harris has a twelve month low of $122.61 and a twelve month high of $170.54. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.
Harris (NYSE:HRS) last released its quarterly earnings results on Tuesday, July 31st. The communications equipment provider reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.02. Harris had a net margin of 11.61% and a return on equity of 25.36%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the company earned $1.49 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts predict that Harris will post 7.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be issued a dividend of $0.685 per share. This is a boost from Harris’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, September 6th. This represents a $2.74 annualized dividend and a yield of 1.68%. Harris’s dividend payout ratio is presently 42.15%.
Several equities research analysts have commented on HRS shares. Argus lowered their target price on shares of Harris from $196.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, July 5th. Seaport Global Securities reiterated a “buy” rating and issued a $185.00 price target on shares of Harris in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Harris from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. UBS Group started coverage on shares of Harris in a report on Wednesday, August 15th. They issued a “neutral” rating and a $175.00 price target for the company. Finally, Credit Suisse Group reduced their price target on shares of Harris from $189.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, May 22nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Harris currently has a consensus rating of “Buy” and a consensus target price of $173.60.
In related news, SVP Scott T. Mikuen sold 3,903 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $160.75, for a total transaction of $627,407.25. Following the completion of the transaction, the senior vice president now owns 47,243 shares in the company, valued at $7,594,312.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd A. Taylor sold 18,698 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $161.79, for a total transaction of $3,025,149.42. The disclosure for this sale can be found here. Insiders have sold 68,401 shares of company stock valued at $11,123,911 in the last 90 days. 2.51% of the stock is currently owned by corporate insiders.
Harris Corporation 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. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, 2-channel vehicular radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.
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