L3Harris Technologies (NYSE:LHX) Releases FY 2025 Earnings Guidance

L3Harris Technologies (NYSE:LHX) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 10.550-10.850 for the period, compared to the consensus earnings per share estimate of 14.140. The company issued revenue guidance of $21.8 billion-$22.2 billion, compared to the consensus revenue estimate of $21.9 billion.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $211.99 on Friday. L3Harris Technologies has a 52 week low of $200.18 and a 52 week high of $265.74. The company has a market capitalization of $40.21 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.75. The stock’s fifty day moving average is $220.51 and its two-hundred day moving average is $232.27. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. As a group, analysts expect that L3Harris Technologies will post 13.07 earnings per share for the current year.

Analysts Set New Price Targets

LHX has been the subject of several recent research reports. Argus upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Tuesday, November 26th. Sanford C. Bernstein upgraded L3Harris Technologies from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut their target price on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.87.

Insider Buying and Selling

In other news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the completion of the transaction, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,889 shares of company stock valued at $1,800,572 over the last 90 days. Insiders own 0.82% of the company’s stock.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.