Somewhat Positive Press Coverage Somewhat Unlikely to Impact Harris Corporation (HRS) Share Price

Headlines about Harris Corporation (NYSE:HRS) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Harris Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 44.9906293637447 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

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

Harris Corporation (NYSE HRS) opened at $139.34 on Wednesday. The firm has a market cap of $16,565.31, a PE ratio of 24.51, a PEG ratio of 3.31 and a beta of 1.12. Harris Corporation has a 1-year low of $99.13 and a 1-year high of $141.97. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.14.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.28 annualized dividend and a dividend yield of 1.64%. Harris Corporation’s payout ratio is currently 50.89%.

A number of research analysts have issued reports on HRS shares. BidaskClub lowered shares of Harris Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Cowen and Company restated a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Harris Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Credit Suisse Group started coverage on shares of Harris Corporation in a report on Monday, August 28th. They issued an “outperform” rating and a $144.00 target price on the stock. Finally, ValuEngine upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $145.43.

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In other news, SVP Scott T. Mikuen sold 13,600 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $123.36, for a total transaction of $1,677,696.00. Following the transaction, the senior vice president now directly owns 61,349 shares in the company, valued at approximately $7,568,012.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Scott T. Mikuen sold 4,387 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $121.70, for a total transaction of $533,897.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,287 shares of company stock worth $8,159,066. Insiders own 1.91% of the company’s stock.

About Harris Corporation

Insider Buying and Selling by Quarter for Harris Corporation (NYSE:HRS)

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