Did Harris Corporation (HRS) Catch A Cold, Flu Or Worse?

Wall Street analysts will be watching closely when Harris Corporation (NYSE:HRS) reports its quarterly earnings next, which is scheduled for Tue 29 Jan (In 16 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $2.02 per share. In the preceding quarter, the company reportedly generated EPS of $1.78 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 17.50%, a profit margin of 12.20% and a gross margin of 35.90%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Harris Corporation (NYSE:HRS). Most recently, on November 13th, 2018, Barclays Upgrade a Overweight rating. Before that, on April 4th, 2018, Argus Initiated to Buy. Barclays Initiated a Equal Weight rating on March 29th, 2018, Credit Suisse Initiated an Outperform rating on August 28th, 2017, and Barclays Downgrade a Equal Weight rating on May 1st, 2017.

At its current price point, combined with the fact that this company has 117.90M shares outstanding, the current market capitalization sits at 16.14B. In the last trading day, 1,199,539 shares of Harris Corporation were traded, which compares to its usual volume of about 1.30M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $3.99 in the past five trading days, resulting in a percentage change of +3.00% and a moving average of 134.54. In the past 20 days, its price changed by -$10.11 (which is -6.88%) and the stock’s moving average was 135.46. Looking back a full 50 days, shares of HRS changed by -$9.78 (which is -6.67%) and demonstrated a moving average of 142.23.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 86.14%, a 14-day Stochastic %K score of 74.11% and a 20-day Stochastic %K score of 45.98%. Using a similar metric, Harris Corporation (HRS) shares showed a Stochastic %D of 84.06% over the past 9 days, a Stochastic %D score of 58.36% over the last 14 days, and a 20-day Stochastic %D of 42.77%. Meanwhile, this stock’s MACD Oscillator was 1.34 over the past 9 days, 2.88 over the past two weeks, and -0.40 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $136.91 level. Over the past 12 months, this stock has experienced a high price of $175.50 and a low of $123.24. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

T Rowe Price Associates Inc sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Harris Corporation (NYSE:HRS) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 13,809,945 shares of the company’s stock following the subtraction of -852,338 to this investor’s holdings during the three-month period. This share count represents that T Rowe Price Associates Inc now held 11.74% stake in Harris Corporation (HRS)’s shares.

Just in the most recent trading day, Harris Corporation (NYSE:HRS) experienced a high price of $137.19 and low point of $133.25. At the end of the last trading session, this stock was at 136.91 per share, following a loss of -$0.66, or 1.50% during the full day.