L3Harris Technologies (NYSE:LHX) Issues FY 2025 Earnings Guidance

L3Harris Technologies (NYSE:LHX) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 10.550-10.850 for the period, compared to the consensus 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.

L3Harris Technologies Price Performance

NYSE LHX traded down $2.28 during trading hours on Thursday, hitting $209.67. 343,436 shares of the company’s stock traded hands, compared to its average volume of 1,152,101. The company has a market capitalization of $39.77 billion, a PE ratio of 33.10, a PEG 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. L3Harris Technologies has a 52-week low of $200.18 and a 52-week high of $265.74. The firm’s 50-day moving average is $221.93 and its 200-day moving average is $232.57.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. Equities analysts forecast that L3Harris Technologies will post 13.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LHX. Deutsche Bank Aktiengesellschaft reduced their price target on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Truist Financial reduced their target price on shares of L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price target on shares of L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Finally, Susquehanna cut their target price on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.07.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $223.62, for a total transaction of $394,465.68. Following the sale, the insider now owns 8,576 shares in the company, valued at $1,917,765.12. This represents a 17.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 corporate insiders.

About L3Harris Technologies

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.