Date | Price Target | Rating | Analyst |
---|---|---|---|
8/14/2024 | $250.00 → $240.00 | Outperform → Sector Perform | RBC Capital Mkts |
8/9/2024 | $275.00 → $257.00 | Overweight → Equal-Weight | Morgan Stanley |
7/26/2024 | $245.00 → $257.00 | Buy → Hold | Deutsche Bank |
4/22/2024 | $238.00 | Neutral → Overweight | Alembic Global Advisors |
1/11/2024 | $240.00 | Neutral → Overweight | JP Morgan |
12/15/2023 | $184.00 → $240.00 | Hold → Buy | Deutsche Bank |
10/31/2023 | $198.00 → $216.00 | Neutral → Outperform | Robert W. Baird |
10/30/2023 | $210.00 | Mkt Perform → Outperform | Raymond James |
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Analysts expect L3Harris Technologies, Inc. (NYSE:LHX) to report second-quarter earnings of $3.18 per share after the closing bell on Thursday, July 25. That’s up from $2.97 per share in the year-ago period. Benzinga Pro data projects L3Harris Technologies to post revenue of $5.3 billion, compared to $4.37 billion a year earlier. On July 18, the Melbourne, Florida-based company’s board declared a quarterly cash dividend of $1.16 per common share. Some investors may be eyeing potential gains from the company's dividends. L3Harris currently has a dividend yield of 1.96%. That’s a quarterly dividend amount of $1.16 a share ($4.64 a year). To figure out how to earn $500 monthly
L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 20 years by 3.87% on an annualized basis producing an average annual return of 12.15%. Currently, L3Harris Technologies has a market capitalization of $45.12 billion. Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 20 years ago, it would be worth $10,021.06 today based on a price of $237.90 for LHX at the time of writing. L3Harris Technologies's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzi
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CHPT CALL SWEEP BEARISH 07/26/24 $2.00 $31.3K 19.0K 60.1K SAVE PUT SWEEP BEARISH 06/20/25 $1.50 $74.0
RBC Capital Mkts downgraded L3Harris from Outperform to Sector Perform and set a new price target of $240.00 from $250.00 previously
Morgan Stanley downgraded L3Harris from Overweight to Equal-Weight and set a new price target of $257.00 from $275.00 previously
Deutsche Bank downgraded L3Harris from Buy to Hold and set a new price target of $257.00 from $245.00 previously
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Orders1 of $5.2 billion; book-to-bill of 1.0x Revenue of $5.3 billion, up 13% Operating margin of 9.0%; adjusted segment operating margin1 of 15.6% Diluted earnings per share (EPS) of $1.92; non-GAAP EPS1 of $3.24 2024 revenue guidance range increases from $20.8B - $21.3B to $21.0B - $21.3B 2024 adjusted segment operating margin1 guidance increases from >15% to 15.2% - 15.4%* 2024 Non-GAAP EPS guidance range increases from $12.70 - $13.05 to $12.85 - $13.15* L3Harris Technologies (NYSE:LHX) reported second quarter 2024 diluted EPS of $1.92, on second quarter revenue of $5.3 billion. Second quarter 2024 non-GAAP diluted EPS1 was $3.24, as compared to non-GAAP diluted EP
The Board of Directors of L3Harris Technologies (NYSE:LHX) has declared a quarterly cash dividend of $1.16 per common share, payable Sept. 20, 2024, to shareholders of record as of the close of business on Sept. 6, 2024. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information. View source version on businesswire.com: https://www.businesswire.com/news/home/20240718648872/en/
L3Harris Technologies (NYSE:LHX) will release its second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The company will then host an earnings call on Friday, July 26, 2024, at 8:30 a.m. ET. Participants are encouraged to listen via webcast at L3Harris.com. The dial-in numbers for the teleconference are (U.S.) 877-407-6184 and (International) +1 201-389-0877, and participants will be directed to an operator. A recording of the call will be available on L3Harris.com beginning at approximately 12 p.m. ET on July 26. About L3Harris Technologies L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs al
Seasoned Executive Brings Over Three Decades of Industry and Finance Experience to L3Harris L3Harris Technologies (NYSE:LHX) today announced that it has appointed Kenneth "Ken" L. Bedingfield as Senior Vice President and Chief Financial Officer (CFO), reporting to Chair and Chief Executive Officer Christopher E. Kubasik, effective Dec. 11, 2023, succeeding Michelle Turner. As CFO, Bedingfield, 51, will serve as a member of the senior leadership team and direct the company's financial strategy and its global finance team. He brings thirty years of experience across complex defense, technology and financial services organizations, making him uniquely suited to lead the company's finance o
Janus International Group, Inc. (NYSE:JBI) ("Janus" or the "Company"), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Roger Fradin to the position of Vice Chairman of the Board of Directors, effective July 5, 2023. Mr. Fradin, who has served as a director of Janus since 2021, has over 40 years of experience acquiring, building and leading a diverse set of industrial technology businesses. Mr. Fradin's previous roles include President and Chief Executive Officer of the Security and Fire Solutions segment of Pittway Corporation, President and Ch
Arash Soleimani appointed to Chief Strategy Officer Rob Luther promoted to Chief Investment Officer Gary Ropiecki promoted to Principal Accounting Officer Universal Insurance Holdings (NYSE:UVE) ("Universal" or the "Company") announced today the appointment of Arash Soleimani as Chief Strategy Officer and promoted Rob Luther and Gary Ropiecki to Chief Investment Officer and Principal Accounting Officer, respectively. Mr. Soleimani will oversee the strategy and investor relations functions, while Mr. Luther will oversee the $1B+ investment portfolio and support M&A activities, and Mr. Ropiecki will oversee Universal's enterprise-wide accounting and reporting functions. "I'm very plea
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L3Harris Technologies (NYSE:LHX) has received a five-year contract, worth up to $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy's Aerial Electronic Attack capability. The Next Generation Jammer – Low Band (NGJ-LB) is an advanced airborne electronic warfare system. L3Harris' solution consolidates advanced processing with increased jamming capability and will be easier to maintain than the Navy's current system through a modular, open-system architecture that enables seamless upgrades. The L3Harris system will operate with joint and allied forces to provide growth capacity for future technology integration to stay ahead of adversarial capabilities.
L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik and Chief Financial Officer Ken Bedingfield will present at the Jefferies 2024 Industrials Conference at 8:40 a.m. ET on Thursday, Sept. 5, in New York City. The presentation will stream live on the L3Harris website with a recording available following the event. L3Harris Integrated Mission Systems President, Jon Rambeau, will join Bedingfield at the Morgan Stanley 12th Annual Laguna Conference at 11:10 a.m. ET on Thursday, Sept. 12, in Dana Point, California. This presentation will also stream live on the L3Harris website with a recording available following the event. About L3Harris Technologies L3Harris Technolog
L3Harris Technologies (NYSE:LHX) has announced new sustainability goals that further demonstrate its commitment to environmental stewardship. By 2030, L3Harris plans to reduce greenhouse gas emissions by 60%, water use by 20%, and solid waste by 10%. In addition, L3Harris is committing to sourcing 40% of its total electricity from renewable sources. "L3Harris remains dedicated to upholding environmentally conscious practices, and we are committed to meeting our new goals in support of a more sustainable future," said Christopher E. Kubasik, Chair and CEO, L3Harris. "These efforts have a direct impact on our business operations by reducing production costs, promoting energy efficiency, cre
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