Harris Corporation (HRS) Getting Somewhat Favorable News Coverage, Report Finds
News stories about Harris Corporation (NYSE:HRS) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Harris Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 45.6372481461552 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Harris Corporation (HRS) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Harris Corporation (HRS) stands 5.47% away from 50 SMA: Technical Watch – Voice Of Analysts (analystsbuzz.com)
- U.K. Ministry of Defence Awards Harris Corporation Contract Worth up to $70 Million for Explosive Ordnance Disposal Robots (finance.yahoo.com)
- Scott T. Mikuen Sells 13,600 Shares of Harris Corporation (HRS) Stock (americanbankingnews.com)
- Harris Adds Suite B Security to the Falcon III® AN/PRC-117G Manpack Radio (satnews.com)
Shares of Harris Corporation (NYSE HRS) opened at 126.87 on Friday. The firm has a 50 day moving average price of $120.03 and a 200 day moving average price of $113.18. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 28.60 and a beta of 1.19. Harris Corporation has a 52 week low of $88.89 and a 52 week high of $126.98.
Harris Corporation (NYSE:HRS) last released its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. Equities analysts forecast that Harris Corporation will post $6.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.57 dividend. This is an increase from Harris Corporation’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 7th. Harris Corporation’s dividend payout ratio (DPR) is 51.47%.
Several research analysts have weighed in on HRS shares. ValuEngine raised Harris Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut Harris Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Credit Suisse Group started coverage on Harris Corporation in a research note on Monday, August 28th. They issued an “outperform” rating and a $144.00 target price on the stock. BidaskClub upgraded Harris Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $135.00 target price (up from $125.00) on shares of Harris Corporation in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $121.57.
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In other news, SVP Sheldon J. Fox sold 50,300 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $118.24, for a total value of $5,947,472.00. Following the transaction, the senior vice president now directly owns 73,092 shares in the company, valued at approximately $8,642,398.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Scott T. Mikuen sold 13,600 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $123.36, for a total value of $1,677,696.00. Following the completion of the transaction, the senior vice president now owns 61,349 shares in the company, valued at $7,568,012.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,357 shares of company stock worth $8,643,111. Company insiders own 1.71% of the company’s stock.
Harris Corporation Company Profile
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