Harris Corporation (NYSE:HRS) Earning Somewhat Positive News Coverage, Analysis Shows

News stories about Harris Corporation (NYSE:HRS) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harris Corporation earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.1169053989026 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently weighed in on HRS. Jefferies Group LLC lifted their price objective on Harris Corporation from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Cowen and Company reaffirmed a “buy” rating and set a $125.00 price objective on shares of Harris Corporation in a research report on Tuesday, August 1st. Zacks Investment Research cut Harris Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Barclays PLC cut Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research report on Monday, May 1st. Finally, BidaskClub raised Harris Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $113.29.

Harris Corporation (NYSE HRS) traded up 0.12% on Friday, reaching $118.37. The company had a trading volume of 531,966 shares. Harris Corporation has a 1-year low of $88.89 and a 1-year high of $119.07. The stock’s 50 day moving average is $114.00 and its 200-day moving average is $110.51. The stock has a market capitalization of $14.24 billion, a P/E ratio of 26.68 and a beta of 1.22.

Harris Corporation (NYSE:HRS) last released its earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share for the quarter, meeting the consensus estimate of $1.49. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts predict that Harris Corporation will post $6.00 EPS for the current fiscal year.

In related news, insider Christopher D. Young sold 4,070 shares of Harris Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $118.93, for a total transaction of $484,045.10. Following the transaction, the insider now owns 46,131 shares in the company, valued at $5,486,359.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert L. Duffy sold 33,600 shares of Harris Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $112.01, for a total value of $3,763,536.00. Following the transaction, the senior vice president now owns 50,311 shares in the company, valued at approximately $5,635,335.11. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

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