L3Harris Technologies (NYSE:LHX - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 10.550-10.850 for the period, compared to the consensus earnings per share 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.
Shares of LHX opened at $212.12 on Thursday. L3Harris Technologies has a one year low of $200.18 and a one year high of $265.74. The company has a market cap of $40.23 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $222.57 and a two-hundred day simple moving average of $232.71.
LHX has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of L3Harris Technologies from $270.00 to $265.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of L3Harris Technologies from $295.00 to $287.00 and set an "overweight" rating for the company in a report on Wednesday, December 11th. Barclays lowered their price target on shares of L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Royal Bank of Canada upped their price target on shares of L3Harris Technologies from $240.00 to $265.00 and gave the stock a "sector perform" rating in a report on Monday, October 28th. Finally, Susquehanna lowered their price target on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, L3Harris Technologies has a consensus rating of "Moderate Buy" and an average price target of $271.07.
Read Our Latest Stock Report on L3Harris Technologies
In other news, insider Ross Niebergall sold 1,764 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total transaction of $394,465.68. Following the transaction, the insider now owns 8,576 shares in the company, valued at approximately $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.82% of the stock is currently owned by insiders.
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.
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