Harris (HRS) Earning Somewhat Positive Media Coverage, Report Finds
Media coverage about Harris (NYSE:HRS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Harris earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 44.6549985850033 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- Care.com Appoints Marla Blow and William H. Harris to Board of Directors (markets.financialcontent.com)
- Exclusive: SoMa condos sell briskly even as prices rise (feeds.bizjournals.com)
- Investors watching summary on Harris Corporation (HRS) – Wall Street Morning (wallstreetmorning.com)
- Sheppard Mullin Elects Sixteen Attorneys to Partnership (markets.financialcontent.com)
- Einhorn Harris Partner Ivette Ramos Alvarez Appointed Member of the Joint Commission on Puerto Rico Relief by Governor Phil Murphy (prweb.com)
HRS has been the topic of several analyst reports. ValuEngine raised shares of Harris from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. JPMorgan Chase & Co. boosted their price target on shares of Harris from $138.00 to $148.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Cowen reissued a “buy” rating and issued a $170.00 price target on shares of Harris in a report on Tuesday, January 30th. Jefferies Group boosted their price target on shares of Harris from $135.00 to $157.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Harris from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $154.57.
Harris (NYSE:HRS) last announced its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.28. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. Harris had a net margin of 8.63% and a return on equity of 24.49%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. sell-side analysts forecast that Harris will post 6.48 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2018/02/17/harris-hrs-earning-somewhat-positive-media-coverage-report-finds.html.
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.
Receive News & Ratings for Harris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harris and related companies with MarketBeat.com's FREE daily email newsletter.