How is L3Harris Technologies Inc.’s (NYSE: LHX) stock expected to perform amid current market woes?

In the latest session, L3Harris Technologies Inc. (NYSE: LHX) closed at $176.39 down -3.45% from its previous closing price of $182.70. In other words, the price has decreased by -$6.31 from its previous closing price. On the day, 1568090 shares were traded. LHX stock price reached its highest trading level at $181.71 during the session, while it also had its lowest trading level at $175.51.

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.



For a deeper understanding of L3Harris Technologies Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 61.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.45.

Upgrades & Downgrades

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 05 when MEHNERT DANA A sold 1,985 shares for $227.25 per share. The transaction valued at 451,091 led to the insider holds 23,830 shares of the business.

GIRARD JAMES P sold 5,000 shares of LHX for $1,146,900 on Nov 08. The Vice President & CHRO now owns 7,144 shares after completing the transaction at $229.38 per share. On Oct 31, another insider, KUBASIK CHRISTOPHER E, who serves as the Chair and CEO of the company, sold 20,000 shares for $245.22 each. As a result, the insider received 4,904,400 and left with 98,926 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LHX now has a Market Capitalization of 35.48B and an Enterprise Value of 44.70B. As of this moment, L3Harris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.67, and their Forward P/E ratio for the next fiscal year is 13.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 32.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 2.56 whereas that against EBITDA is 18.79.

Stock Price History:

Over the past 52 weeks, LHX has reached a high of $255.10, while it has fallen to a 52-week low of $182.69. The 50-Day Moving Average of the stock is 193.51, while the 200-Day Moving Average is calculated to be 213.57.

Shares Statistics:

For the past three months, LHX has traded an average of 1.07M shares per day and 1.2M over the past ten days. A total of 190.20M shares are outstanding, with a floating share count of 188.32M. Insiders hold about 0.30% of the company’s shares, while institutions hold 84.70% stake in the company. Shares short for LHX as of May 14, 2023 were 1.98M with a Short Ratio of 1.98M, compared to 1.74M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.05% and a Short% of Float of 1.05%.

Dividends & Splits

According to the company, the forward annual dividend rate for LHX is 4.56, from 4.50 in the trailing year. Against a Trailing Annual Dividend Yield of 2.46%, it implies a Forward Annual Dividend Yield of 2.50%. The stock’s 5-year Average Dividend Yield is 1.72. The current Payout Ratio is 92.60% for LHX, which recently paid a dividend on Jun 15, 2023 with an ex-dividend date of May 31, 2023. Stock splits for the company last occurred on May 10, 2009 when the company split stock in a 10000:9448 ratio.

Earnings Estimates

There are 17 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.93 for the current quarter, with a high estimate of $3.07 and a low estimate of $2.77, while EPS last year was $3.23. The consensus estimate for the next quarter is $3.14, with high estimates of $3.19 and low estimates of $3.06.

Analysts are recommending an EPS of between $12.5 and $12.09 for the fiscal current year, implying an average EPS of $12.29. EPS for the following year is $13.27, with 17 analysts recommending between $14.1 and $12.49.

Revenue Estimates

A total of 15 analysts believe the company’s revenue will be $4.34B this quarter.It ranges from a high estimate of $4.46B to a low estimate of $4.22B. As of the current estimate, L3Harris Technologies Inc.’s year-ago sales were $4.13B, an estimated increase of 5.00% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $4.43B, an increase of 0.40% less than the figure of $5.00% in the same quarter last year. There is a high estimate of $4.53B for the next quarter, whereas the lowest estimate is $4.37B.

A total of 17 analysts have provided revenue estimates for LHX’s current fiscal year. The highest revenue estimate was $18.21B, while the lowest revenue estimate was $17.45B, resulting in an average revenue estimate of $17.83B. In the same quarter a year ago, actual revenue was $17.06B, up 4.50% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $18.72B in the next fiscal year. The high estimate is $19.32B and the low estimate is $18.31B. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.