L3Harris Technologies Inc (NYSE: LHX) has reported E.P.S. of $2.11 for its third fiscal quarter (ending September 30) versus $2.02 for the same period a year ago — an increase of 4%. For the latest four quarters through September 30, E.P.S. were $6.36 compared to $7.82 a year ago — a decline of -19%.
Recent Price Action
L3Harris Technologies Inc (NYSE: LHX) stock closed at $244.17 on 10/24/24 after a slight decline of -0.7%. Moreover, this decline was accompanied by above average trading volume at 132% of normal. The stock has declined -1.6% during the last week but has been strong relative to the market over the last nine months.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. L3Harris Technologies has a neutral Appreciation Score of 50 and a slightly positive Power Rating of 68, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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