Briefing on the Fundamentals of L3Harris Technologies

By Blake Campbell • Tuesday, December 12 12:06 • Permanent Link

Join us for a quick overview of L3Harris Technologies, a Farm & Heavy Construction Machinery company whose shares moved -0.3% today. Here are some facts about the stock that should help you see the bigger picture:

L3Harris Technologies has moved -7.0% over the last year, and the S&P 500 logged a change of 15.0%
LHX has an average analyst rating of buy and is -9.76% away from its mean target price of $222.24 per share
Its trailing earnings per share (EPS) is $7.76
L3Harris Technologies has a trailing 12 month Price to Earnings (P/E) ratio of 25.8 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $13.28 and its forward P/E ratio is 15.1
The company has a Price to Book (P/B) ratio of 2.04 in contrast to the S&P 500's average ratio of 2.95
L3Harris Technologies is part of the Industrials sector, which has an average P/E ratio of 22.19 and an average P/B of 4.06
The company has a free cash flow of $1.98 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and platform control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides broadband communications; tactical radios, software-defined radios for key DoD network modernization programs and satellite communication terminals, and battlefield management networks for U.S. and international defense customers; integrated vision solutions, including helmet-mounted integrated night vision goggles; heads up displays along with Clip-on Weapon Sights, and weapon-mounted aiming lasers and range finders; and public safety radios, and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

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