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Last $80.26 USD
Change Today +0.94 / 1.19%
Volume 1.3M
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

harris corp (HRS) Snapshot

Open
$79.31
Previous Close
$79.32
Day High
$80.74
Day Low
$79.31
52 Week High
04/22/15 - $82.79
52 Week Low
10/15/14 - $60.78
Market Cap
8.4B
Average Volume 10 Days
815.2K
EPS TTM
$5.10
Shares Outstanding
104.3M
EX-Date
05/20/15
P/E TM
15.7x
Dividend
$1.88
Dividend Yield
2.34%
Current Stock Chart for HARRIS CORP (HRS)

harris corp (HRS) Details

Harris Corporation, together with its subsidiaries, operates as an international communications and information technology company worldwide. The company operates through RF Communications, Integrated Network Solutions, and Government Communications Systems segments. The RF Communications segment supplies secure tactical radio communications and high-grade encryption solutions for military, government, and commercial customers, as well as secure communications systems and equipment for public safety, utility, and transportation customers. This segment designs, develops, and manufactures a line of secure radio communications products and systems for manpack, handheld, vehicular, airborne, strategic fixed-site, and shipboard installations that span the communications architecture from high capacity line of site, backbone radios, small soldier personal radios, and tablet computers. This segment also offers assured communications systems and equipment, including Internet Protocol based voice and data communications system for public safety, federal, utility, commercial, and transportation organizations; and multiband radios comprising a handheld radio and a full-spectrum mobile radio for vehicles. The Integrated Network Solutions segment provides integrated communications and information technology and services, including various trusted networking capabilities to support government, energy, maritime, and healthcare customers. This segment serves IT services, managed satellite and terrestrial communications solutions, and commercial healthcare solutions markets. The Government Communications Systems segment develops, produces, integrates, and supports advanced communications and information systems that solve the mission-critical challenges of civilian, intelligence, and defense government customers. The company was founded in 1916 and is headquartered in Melbourne, Florida.

14,000 Employees
Last Reported Date: 08/25/14
Founded in 1916

harris corp (HRS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $921.2K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $201.9K
Group President of RF Communications
Total Annual Compensation: $493.2K
Group President of Government Communications ...
Total Annual Compensation: $436.2K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $433.8K
Compensation as of Fiscal Year 2014.

harris corp (HRS) Key Developments

Harris Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended 3 April 2015; Reiterates Earnings Guidance for the Fiscal Year 2015

Harris Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended 3 April 2015. For the quarter, the company reported revenue from product sales and services of $1,186.6 million against $1,267.5 million a year ago. Income from continuing operations before income taxes was $179.0 million against $201.0 million a year ago. Income from continuing operations was $125.6 million against $137.1 million a year ago. Net income was $125.6 million against $141.2 million a year ago. Net income attributable to company was $125.7 million against $141.4 million a year ago. Diluted net income per common share attributable to company common shareholders from continuing operations was $1.20 against $1.27 a year ago. Diluted net income per common share attributable to company common shareholders was $1.20 against $1.31 a year ago. Non-GAAP income from continuing operations attributable to company was $138.7 million. Non-GAAP income from continuing operations per diluted common share attributable to company common shareholders was $1.32. Net cash provided by operating activities was $173.0 million against $174.5 million a year ago. Capital expenditures were 23.2 against 54.7 a year ago. Free cash flow was $149.8 million against $119.8 million a year ago. For the year, the company reported revenue from product sales and services of $3,548.3 million against $3,682.6 million a year ago. Income from continuing operations before income taxes was $543.7 million against $592.1 million a year ago. Income from continuing operations was $390.2 million against $401.6 million a year ago. Net income was $390.2 million against $403.0 million a year ago. Net income attributable to company was $390.3 million against $403.4 million a year ago. Diluted net income per common share attributable to company common shareholders from continuing operations was $3.69 against $3.72 a year ago. Diluted net income per common share attributable to company common shareholders was $3.69 against $3.73 a year ago. Net cash provided by operating activities was $395.2 million against $454.0 million a year ago. Additions of property, plant and equipment was $102.3 million against $139.7 million a year ago. For 2015, the company reiterated its increased fiscal 2015 guidance for non-GAAP income from continuing operations per diluted share from a range of $4.95 to $5.05 to a range of $5.00 to $5.10 and updated revenue guidance from a decline in a range of 1 to 3% to a decline of about 4%. Fiscal 2015 non-GAAP guidance does not include any impact from the pending acquisition of Exelis. Fiscal 2015 GAAP results would include potential post-closing revenue and income attributable to Exelis, increased share count from the transaction, and acquisition-related costs that are expected to be in a range of $270 million to $290 million.

Government Communications Systems Announces Earnings Results for the Third Quarter and Nine Months Ended 3 April 2015

Government Communications Systems announced earnings results for the third quarter and nine months ended 3 April 2015. For the quarter, the company reported revenue in the third quarter was $455 million, decreasing 5% compared with $477 million in the prior year. Higher revenue from the U.S. Navy’s Commercial Broadband Satellite Program and the Foundation GEOINT Content Management program was more than offset by lower revenue from space customers and NOAA’s GOES-R weather program. Segment operating income was $75 million compared with $77 million in the prior year. Operating margin was 16.4%, reflecting continued strong program execution and favorable product mix. For the nine months, the company reported revenue of $1,370.1 million compared to $1,321.2 million a year ago. Income from continuing operations before income taxes was $226.1 million compared to $207.9 million a year ago.

Integrated Network Solutions Announces Earnings Results for the Third Quarter Ended 3 April 2015

Integrated Network Solutions announced earnings results for the third quarter ended 3 April 2015. For the quarter, the company reported revenue in the third quarter was $299 million, decreasing 14% compared with $348 million in the prior year. The decline in revenue was primarily from the previously reported wind-down of two IT Services programs. Segment operating income was $12 million compared with $21 million in the prior year.

 

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Industry Analysis

HRS

Industry Average

Valuation HRS Industry Range
Price/Earnings 16.1x
Price/Sales 1.7x
Price/Book 4.5x
Price/Cash Flow 16.0x
TEV/Sales 1.3x
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