L3Harris Technologies, Inc. (LHX) – Financial Analysis Report
Overview
L3Harris Technologies, Inc. is a leading aerospace and defense company that provides mission-critical solutions for government and commercial customers worldwide. The company operates in three segments: Integrated Mission Systems, Space and Airborne Systems, and Communication Systems.
- The Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, electronic attack capabilities, advanced combat systems, and more.
- The Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions, as well as classified intelligence and cyber technologies.
- The Communication Systems segment provides tactical radios, integrated vision solutions, public safety radios, and more.
Financial Performance
L3Harris Technologies has shown consistent growth over the years, with strong financial performance. Here are some key financial metrics:
- Market Cap: $40.33 billion
- Revenue: $19.41 billion
- Net Income: $1.23 billion
- Earnings Per Share (EPS): $6.44
- Dividend Yield: 2.2%
The company has a trailing price-to-earnings ratio (P/E) of 32.95, which indicates that the stock is trading at a relatively high valuation compared to its earnings. However, the forward P/E ratio of 15.06 suggests that the stock may be undervalued based on future earnings expectations.
Stock Performance
L3Harris Technologies' stock (LHX) has shown positive growth over the past year. The stock has a 52-week range of $160.25 to $218.34. The current price of the stock is $212.18.
The stock has a beta of 0.65, which means that it is less volatile than the overall market. This makes it a relatively stable investment option for investors seeking less risk.
Dividends
L3Harris Technologies pays regular dividends to its shareholders. The company has a dividend yield of 2.2% and has consistently increased its dividend payout over the years. The most recent dividend payout was $1.16 per share.
Analyst Opinions
According to Bloomberg, L3Harris Technologies has an average recommendation of "buy" from analysts. The stock has a target price range of $184 to $324, with a median target price of $240.
Conclusion
L3Harris Technologies, Inc. is a leading aerospace and defense company with strong financial performance and a positive stock outlook. The company's diversified business segments and consistent dividend payouts make it an attractive investment option for long-term investors. Analysts have a positive outlook on the stock, with a median target price of $240.
