Harris (HRS) Earns Media Impact Rating of -0.04

News articles about Harris (NYSE:HRS) have been trending somewhat negative recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harris earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 45.8597029137895 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Harris (HRS) traded down $0.06 during trading hours on Wednesday, reaching $142.52. The company’s stock had a trading volume of 428,093 shares, compared to its average volume of 748,251. Harris has a 52 week low of $99.13 and a 52 week high of $144.94. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.14. The stock has a market cap of $16,899.66, a price-to-earnings ratio of 25.00, a P/E/G ratio of 3.38 and a beta of 1.12.

Harris (NYSE:HRS) last posted its quarterly earnings data on Tuesday, October 31st. The communications equipment provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. Harris had a return on equity of 23.36% and a net margin of 9.02%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $1.28 EPS. Harris’s quarterly revenue was down .5% on a year-over-year basis. analysts anticipate that Harris will post 5.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a dividend of $0.57 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.28 annualized dividend and a yield of 1.60%. Harris’s dividend payout ratio (DPR) is currently 50.89%.

A number of research firms recently weighed in on HRS. Jefferies Group reaffirmed a “buy” rating and issued a $135.00 price target on shares of Harris in a report on Thursday, September 21st. J P Morgan Chase & Co boosted their price objective on Harris from $138.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. ValuEngine upgraded Harris from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen reiterated a “buy” rating and set a $134.00 price objective (up from $125.00) on shares of Harris in a research note on Tuesday, September 12th. Finally, Zacks Investment Research upgraded Harris from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Monday, October 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Harris presently has a consensus rating of “Buy” and a consensus target price of $145.43.

In other news, SVP Scott T. Mikuen sold 13,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $123.36, for a total value of $1,677,696.00. Following the completion of the sale, the senior vice president now directly owns 61,349 shares in the company, valued at $7,568,012.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott T. Mikuen sold 4,387 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $121.70, for a total value of $533,897.90. The disclosure for this sale can be found here. 1.91% of the stock is owned by corporate insiders.

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