Harris (NYSE:HRS) is set to release its earnings data before the market opens on Tuesday, January 30th. Analysts expect Harris to post earnings of $1.40 per share for the quarter. Harris has set its FY18 guidance at $5.85-6.05 EPS.

Harris (NYSE:HRS) last posted its earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion. Harris had a net margin of 9.02% and a return on equity of 23.36%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. On average, analysts expect Harris to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Harris (NYSE HRS) opened at $146.15 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.11 and a quick ratio of 0.64. The company has a market cap of $17,420.00, a price-to-earnings ratio of 27.32, a P/E/G ratio of 3.96 and a beta of 1.13. Harris has a 52-week low of $100.61 and a 52-week high of $148.73.

A number of research firms recently commented on HRS. Cowen reaffirmed a “buy” rating and issued a $157.00 target price on shares of Harris in a research report on Monday, January 22nd. Zacks Investment Research raised shares of Harris from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, January 18th. ValuEngine downgraded shares of Harris from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. JPMorgan Chase & Co. increased their target price on shares of Harris from $138.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $145.00 target price (up from $135.00) on shares of Harris in a research report on Monday, October 9th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $148.14.

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Harris Company Profile

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.

Earnings History for Harris (NYSE:HRS)

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