L3Harris Technologies (NYSE:LHX – Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $3.43 per share and revenue of $5,498,931.60 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the company posted $3.19 earnings per share. L3Harris Technologies’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect L3Harris Technologies to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.
L3Harris Technologies Stock Down 1.3 %
LHX opened at $220.02 on Thursday. L3Harris Technologies has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a market capitalization of $41.73 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.74 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. The firm’s fifty day moving average price is $225.58 and its two-hundred day moving average price is $233.04.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on L3Harris Technologies
Insider Activity at L3Harris Technologies
In other news, insider Ross Niebergall sold 1,373 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the completion of the sale, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. This represents a 21.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 7,889 shares of company stock worth $1,800,572 over the last 90 days. Insiders own 0.87% of the company’s stock.
About L3Harris Technologies
L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.
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