$1.70 EPS Expected for Harris Corporation (HRS)

October 2, 2018 - By Vivian Park

Harris Corporation (NYSE:HRS) LogoInvestors sentiment is 0.91 in Q2 2018. Its the same as in 2018Q1. It has no change, as 35 investors sold Harris Corporation shares while 214 reduced holdings. only 76 funds opened positions while 151 raised stakes. 98.88 million shares or 1.24% less from 100.12 million shares in 2018Q1 were reported.
Prudential Finance Inc accumulated 510,417 shares or 0.11% of the stock. Tiaa Cref Ltd Liability Corporation reported 0.05% stake. Raymond James Fincl Svcs Advsrs stated it has 0.06% in Harris Corporation (NYSE:HRS). Sigma Planning Corporation has 1,907 shares for 0.02% of their portfolio. Verition Fund Mgmt Limited Company holds 0.02% in Harris Corporation (NYSE:HRS) or 2,494 shares. Moreover, Wetherby Asset Management has 0.03% invested in Harris Corporation (NYSE:HRS) for 1,693 shares. Rampart Inv Mngmt Commerce, a Massachusetts-based fund reported 2,674 shares. Natixis Advisors Limited Partnership has 0.02% invested in Harris Corporation (NYSE:HRS). Blue Financial has 0.15% invested in Harris Corporation (NYSE:HRS) for 1,957 shares. Moors & Cabot holds 1,881 shares. Davenport And Ltd has invested 0.04% in Harris Corporation (NYSE:HRS). Parametric Limited Liability Corp has 260,336 shares. Commerzbank Aktiengesellschaft Fi holds 0% or 2,416 shares. Pinnacle Prtn holds 0.01% or 400 shares in its portfolio. Conning accumulated 3,395 shares.

Since August 15, 2018, it had 0 buys, and 5 sales for $19.39 million activity. Young Christopher D. also sold $3.99M worth of Harris Corporation (NYSE:HRS) shares. ZOISS EDWARD J sold $4.28M worth of stock or 26,311 shares. On Wednesday, August 15 the insider FOX SHELDON J sold $7.47 million. The insider Taylor Todd A. sold $3.03M.

Analysts expect Harris Corporation (NYSE:HRS) to report $1.70 EPS on October, 30.They anticipate $0.32 EPS change or 23.19 % from last quarter’s $1.38 EPS. HRS’s profit would be $199.77 million giving it 24.85 P/E if the $1.70 EPS is correct. After having $1.78 EPS previously, Harris Corporation’s analysts see -4.49 % EPS growth. The stock increased 0.25% or $0.42 during the last trading session, reaching $168.99. About 79,649 shares traded. Harris Corporation (NYSE:HRS) has risen 30.74% since October 2, 2017 and is uptrending. It has outperformed by 15.12% the S&P500.

Harris Corporation (NYSE:HRS) Ratings Coverage

Among 5 analysts covering Harris (NYSE:HRS), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Harris had 7 analyst reports since April 4, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse on Tuesday, May 22 with “Buy”. Citigroup maintained the shares of HRS in report on Tuesday, April 10 with “Buy” rating. As per Thursday, May 3, the company rating was maintained by Credit Suisse. As per Wednesday, August 1, the company rating was maintained by Credit Suisse. The firm has “Buy” rating by Goldman Sachs given on Tuesday, May 8.

Harris Corporation provides technology solutions that solve government and commercial customersÂ’ mission-critical challenges in the United States and internationally. The company has market cap of $19.86 billion. The firm operates in three divisions: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It has a 28.57 P/E ratio. It designs, develops, and makes radio communications products and systems, including single channel ground and airborne radio systems, 2-channel vehicular radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.

More important recent Harris Corporation (NYSE:HRS) news were published by: Finance.Yahoo.com which released: “Space Force Costs Are Murky, but the Opportunity for Contractors Is Clear” on September 28, 2018, also Bizjournals.com published article titled: “F-35, HELIOS: Harris Corp, Lockheed Martin get more than $500M in local defense work”, Bizjournals.com published: “Lockheed Martin projects 75 percent cost reduction with new F-35 processor” on September 27, 2018. More interesting news about Harris Corporation (NYSE:HRS) was released by: Bizjournals.com and their article: “Security detail: Why 850+ top secret defense job openings in Orlando pose a challenge for Lockheed, Northrop, Harris …” with publication date: September 05, 2018.

Harris Corporation (NYSE:HRS) Institutional Positions Chart

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