L3Harris Technologies (LHX) Projected to Post Quarterly Earnings on Thursday

L3Harris Technologies (NYSE:LHX) will likely be releasing its earnings data before the market opens on Thursday, April 24th. Analysts expect L3Harris Technologies to post earnings of $2.55 per share and revenue of $5.29 billion for the quarter. L3Harris Technologies has set its FY 2025 guidance at 10.550-10.850 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, analysts expect L3Harris Technologies to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

L3Harris Technologies Trading Down 0.8 %

NYSE:LHX opened at $219.20 on Thursday. The stock has a market cap of $41.15 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. L3Harris Technologies has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The stock’s 50-day moving average is $208.44 and its two-hundred day moving average is $223.51.

L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $1.20 per share. The ex-dividend date was Monday, March 10th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.16. This represents a $4.80 dividend on an annualized basis and a yield of 2.19%. L3Harris Technologies’s payout ratio is presently 60.99%.

Insider Activity

In other L3Harris Technologies news, insider Jon Rambeau sold 3,178 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the transaction, the insider now directly owns 2,797 shares in the company, valued at $632,122. The trade was a 53.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the transaction, the insider now owns 30,620 shares of the company’s stock, valued at $6,475,517.60. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of L3Harris Technologies

An institutional investor recently raised its position in L3Harris Technologies stock. Brighton Jones LLC lifted its position in L3Harris Technologies, Inc. (NYSE:LHX) by 233.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,284 shares of the company’s stock after buying an additional 3,001 shares during the period. Brighton Jones LLC’s holdings in L3Harris Technologies were worth $901,000 as of its most recent SEC filing. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LHX shares. UBS Group increased their target price on shares of L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Citigroup reduced their price objective on L3Harris Technologies from $285.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft lowered their target price on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. The Goldman Sachs Group upgraded L3Harris Technologies from a “sell” rating to a “buy” rating and lifted their price target for the company from $198.00 to $263.00 in a report on Friday, April 11th. Finally, Raymond James downgraded L3Harris Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $256.94.

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.