The company is set to announce its latest quarterly earnings on Wednesday, April 29th, with a consensus estimate of $2.53 EPS.
L3Harris Technologies, Inc. (LHX) is currently trading at $323.04, showing a price increase of $2.58 (0.805%) from the previous close. The trading volume is $455,530, representing a 32.76% increase over the average.
In the latest quarterly earnings report on Wednesday, January 28th, the company reported an EPS of $2.76. The revenue and profit margin figures are yet to be disclosed.
LHX offers a forward dividend yield of 1.55%, with a dividend per share MRQ of $1.25. The dividend per share year-over-year has increased by 3.4483 cents.
The company's free cash flow stands at $1.80 billion, with a significant net change in cash of $730 million. Operating cash flow remains strong at $1.96 billion.
L3Harris Technologies generated revenue of $5.65 billion, resulting in a gross profit of $1.45 billion. The net income reported was $300 million, translating to an EPS of $1.6.
Key ratios include a net profit margin of 5.31%, return on equity of 1.53%, and a price-to-earnings ratio of 47.45. The company's price-to-book ratio is 2.9.
The company's total assets amount to $41.20 billion, with total liabilities standing at $21.56 billion. LHX holds $1 billion in cash and cash equivalents.
This financial report provides a comprehensive overview of L3Harris Technologies, Inc.'s current financial status and performance metrics.
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 ship 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 tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. 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.