L3Harris Technologies (NYSE:LHX) Issues FY 2025 Earnings Guidance

L3Harris Technologies (NYSE:LHX) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 10.550-10.850 for the period, compared to the consensus EPS estimate of 14.140. The company issued revenue guidance of $21.8 billion-$22.2 billion, compared to the consensus revenue estimate of $21.9 billion.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $289.00 to $267.00 in a research report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of L3Harris Technologies from $240.00 to $265.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Bank of America upgraded shares of L3Harris Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $240.00 to $300.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $271.07.

L3Harris Technologies Price Performance

NYSE:LHX traded down $2.28 during trading hours on Thursday, hitting $209.67. The company’s stock had a trading volume of 343,436 shares, compared to its average volume of 1,152,101. L3Harris Technologies has a 52-week low of $200.18 and a 52-week high of $265.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04. The business’s 50-day moving average is $221.93 and its two-hundred day moving average is $232.57. The company has a market capitalization of $39.77 billion, a PE ratio of 33.10, a PEG ratio of 1.75 and a beta of 0.75.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. As a group, research analysts anticipate that L3Harris Technologies will post 13.07 EPS for the current fiscal year.

Insider Transactions at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the sale, the insider now directly owns 8,576 shares of the company’s stock, valued at approximately $1,917,765.12. This represents a 17.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 7,889 shares of company stock valued at $1,800,572 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.