Harris Corporation (HRS) Receives Coverage Optimism Score of 0.20

News articles about Harris Corporation (NYSE:HRS) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Harris Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 45.3225898444956 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of equities analysts have weighed in on HRS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price target (up previously from $125.00) on shares of Harris Corporation in a report on Friday, July 14th. BidaskClub upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Cowen and Company reiterated a “buy” rating and issued a $125.00 price target on shares of Harris Corporation in a report on Thursday, July 6th. ValuEngine upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $145.00 price target (up previously from $135.00) on shares of Harris Corporation in a report on Monday, October 9th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Harris Corporation has a consensus rating of “Buy” and an average target price of $145.43.

Harris Corporation (NYSE:HRS) last released its quarterly earnings data on Tuesday, October 31st. The communications equipment provider reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. Harris Corporation had a net margin of 9.02% and a return on equity of 23.36%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.28 annualized dividend and a yield of 1.64%. Harris Corporation’s dividend payout ratio is presently 50.89%.

In other news, insider Christopher D. Young sold 4,070 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $118.93, for a total transaction of $484,045.10. Following the transaction, the insider now owns 46,131 shares in the company, valued at approximately $5,486,359.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Sheldon J. Fox sold 50,300 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $118.24, for a total transaction of $5,947,472.00. Following the transaction, the senior vice president now owns 73,092 shares in the company, valued at approximately $8,642,398.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,357 shares of company stock worth $8,643,111. Company insiders own 1.91% of the company’s stock.

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