L3Harris Technologies Inc (NYSE:LHX – Get Free Report) declared a quarterly dividend on Friday, October 23rd. Shareholders of record on Friday, December 4th will be given a dividend of $1.25 per share on Friday, December 18th. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, December 4th.
L3Harris Technologies has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 24 years. L3Harris Technologies has a dividend payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Analysts expect L3Harris Technologies to earn $13.45 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.2%.
L3Harris Technologies Trading Down 0.2%
NYSE LHX traded down $0.55 during trading hours on Friday, reaching $253.68. The company had a trading volume of 1,317,293 shares, compared to its average volume of 1,518,793. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $47.24 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.50. The stock has a 50-day moving average of $251.07 and a 200 day moving average of $287.36. L3Harris Technologies has a 1-year low of $232.34 and a 1-year high of $379.23.
L3Harris Technologies (NYSE:LHX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, research analysts anticipate that L3Harris Technologies will post 11.89 earnings per share for the current fiscal year.
L3Harris Technologies Company Profile
L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.
The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.
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