L3Harris Technologies Inc (NYSE: LHX) has reported E.P.S. of $1.93 for its second fiscal quarter (ending June 30) versus $1.84 for the same period a year ago — an increase of 5%. However, this performance was $-1.23 short of the consensus estimate of $3.16. For the latest four quarters through June 30, E.P.S. were $6.27 versus $4.23 for the same period a year ago — an increase of 48%.
Recent Price Action
On 7/25/24, L3Harris Technologies Inc (NYSE: LHX) stock enjoyed a large increase of 2.6%, closing at $243.27. Moreover, trading volume in this advance was exceptionally high at 209% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
LHX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
L3Harris Technologies has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. L3Harris Technologies has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 70, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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