Stock Updates

Harris Corporation (NYSE: HRS) – Is this large market cap stock undervalued?

Harris Corporation (NYSE: HRS), is firmly in the large market cap category with market cap of 11211.31. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Harris Corporation is 89.9 (with a change from open of -0.44%), this in conjunction with a target price of 100.86. Volume today has so far reached 250020, with an average volume of about 665.98. The GAP for this stock, is -0.83%.

The P/E ratio is 33.17, bringing the forward P/E to a value of 14.42. The current EPS for Harris Corporation, is 2.75, with a EPS growth for this year coming to a value of -11.70%. Performance has been interesting with performance year to date coming to 6.72%.

Looking further into the growth statistics for Harris Corporation, EPS is looking like it will grow 9.22% in the next year. Looking even further it is projected to be 41.80%. Quarter over quarter is 356.80% for EPS growth and for sales growth quarter over quarter it is 24.10%. Looking at past EPS growth statistics we see that for the past five years it has been -10.10%. Sales growth for the past five years has in fact been 6.60%.

Looking at the ownership, we see that the insider ownership is at 0.30% and institutional ownership is 91.40%. Shares outstanding is 123.12, while shares float is at a value of 122.47. Float short for Harris Corporation is 2.73% and the short ratio is 5.02.

In terms of debt, long term debt/equity is 1.35, while the total debt/equity comes to 1.48. The ability to meet these debts, means that the current ratio is 1.3, and the quick ratio is 0.8. The most recent gross margin is 31.30% and their operating margin is 10.50%. The profit margin is 4.30%.

Harris Corporation has seen returns on assets of 2.70%, and on investment, 6.90%. Return on equity is 9.90%. Price/Earnings to growth ratio is 0.79. Price/Sales ratio is at a value of 1.5, with Price/book ratio coming to 3.7 and Price/cash is 23.02, and finally Price/Free cash Flow is 22.38.

The simple moving averages are -0.91% and 9.20% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -4.29% and the 52 week low is 29.01%.

Harris Corporation has a dividend yield of 2.33%, with a current price of 89.9. The ability to pay this means the payout ratio is 76.50%. This is in an industry, Communication Equipment, with equally high dividends from other companies in this sector, which it is Technology. Harris Corporation is based in USA.

Performance in the Communication Equipment industry means that Harris Corporation has seen performance for the past week of -0.80%, with performance for the month coming to 1.35%. Looking at the data for the quarter it is at a value of 7.03%, and for the half year the performance is 23.49%. Volatility for this week is 1.24% and for the month this is 1.33%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Stephen Butters

Leave a Comment