In the latest session, L3Harris Technologies Inc (NYSE: LHX) closed at $202.39 down -1.51% from its previous closing price of $205.49. In other words, the price has decreased by -$3.10 from its previous closing price. On the day, 979254 shares were traded.
Ratios:
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 68.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.63.
On December 15, 2023, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $184 to $240.
Robert W. Baird Upgraded its Neutral to Outperform on October 31, 2023, whereas the target price for the stock was revised from $198 to $216.
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 Mar 26 ’24 when KUBASIK CHRISTOPHER E sold 6,258 shares for $211.91 per share. The transaction valued at 1,326,133 led to the insider holds 116,175 shares of the business.
KUBASIK CHRISTOPHER E sold 40,000 shares of LHX for $8,488,800 on Mar 25 ’24. The Chair and CEO now owns 116,175 shares after completing the transaction at $212.22 per share. On Mar 18 ’24, another insider, MIKUEN SCOTT T, who serves as the Sr VP-General Counsel & Secy of the company, sold 3,363 shares for $212.86 each. As a result, the insider received 715,848 and left with 55,254 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 38.47B and an Enterprise Value of 51.04B. As of this moment, L3Harris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.42, and their Forward P/E ratio for the next fiscal year is 14.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 2.63 whereas that against EBITDA is 17.42.
Stock Price History:
Over the past 52 weeks, LHX has reached a high of $218.34, while it has fallen to a 52-week low of $160.25. The 50-Day Moving Average of the stock is 210.86, while the 200-Day Moving Average is calculated to be 194.29.
Shares Statistics:
For the past three months, LHX has traded an average of 1.14M shares per day and 1.21M over the past ten days. A total of 189.81M shares are outstanding, with a floating share count of 189.45M. Insiders hold about 0.34% of the company’s shares, while institutions hold 85.43% stake in the company. Shares short for LHX as of Mar 15, 2024 were 1.63M with a Short Ratio of 1.70, compared to 1.76M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.86% and a Short% of Float of 0.96%.
Dividends & Splits
According to the company, the forward annual dividend rate for LHX is 4.58, from 4.56 in the trailing year. Against a Trailing Annual Dividend Yield of 2.22%, it implies a Forward Annual Dividend Yield of 2.18%. The stock’s 5-year Average Dividend Yield is 1.85. The current Payout Ratio is 70.21% for LHX, which recently paid a dividend on Mar 22, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on May 11, 2009 when the company split stock in a 10000:9448 ratio.
Earnings Estimates
There are 22 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.91 for the current quarter, with a high estimate of $3.11 and a low estimate of $2.8, while EPS last year was $2.86. The consensus estimate for the next quarter is $3.11, with high estimates of $3.26 and low estimates of $2.95.
Analysts are recommending an EPS of between $13.21 and $12.48 for the fiscal current year, implying an average EPS of $12.72. EPS for the following year is $14.1, with 22 analysts recommending between $14.62 and $13.6.
Revenue Estimates
A total of 23 analysts have provided revenue estimates for LHX’s current fiscal year. The highest revenue estimate was $21.4B, while the lowest revenue estimate was $20.91B, resulting in an average revenue estimate of $21.19B. In the same quarter a year ago, actual revenue was $19.42B, up 9.10% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $22.09B in the next fiscal year. The high estimate is $22.43B and the low estimate is $21.77B. The average revenue growth estimate for next year is up 4.30% from the average revenue estimate for this year.
