L3Harris Technologies Investors Should Focus on This

By Blake Campbell • Wednesday, December 13 15:30 • Permanent Link

Shares of Farm & Heavy Construction Machinery company L3Harris Technologies jumped 3.8% today. With many investors piling into LHX without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

L3Harris Technologies has moved -8.1% over the last year, and the S&P 500 logged a change of 16.2%
Its trailing earnings per share (EPS) is $7.77
L3Harris Technologies has a trailing 12 month Price to Earnings (P/E) ratio of 26.8 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 15.7
The company has a Price to Book (P/B) ratio of 2.12 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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.