L3Harris Technologies (NYSE:LHX) Issues FY 2026 Earnings Guidance

L3Harris Technologies (NYSE:LHX) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 11.800-12.000 for the period, compared to the consensus estimate of 11.670. The company issued revenue guidance of $23.2 billion-$23.7 billion, compared to the consensus revenue estimate of $23.5 billion.

L3Harris Technologies Stock Performance

NYSE LHX traded down $8.47 on Wednesday, reaching $296.73. The stock had a trading volume of 1,266,566 shares, compared to its average volume of 1,446,577. The stock has a market cap of $55.28 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 1.54 and a beta of 0.51. L3Harris Technologies has a 12-month low of $267.25 and a 12-month high of $379.23. The business’s 50-day moving average price is $299.16 and its 200 day moving average price is $328.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, equities analysts expect that L3Harris Technologies will post 11.54 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein reduced their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. UBS Group lowered their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average target price of $368.00.

Insider Activity

In related news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On L3Harris Technologies

Large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its stake in L3Harris Technologies by 29.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,056 shares of the company’s stock valued at $2,953,000 after acquiring an additional 2,316 shares during the last quarter. Compound Planning Inc. raised its position in L3Harris Technologies by 67.2% during the fourth quarter. Compound Planning Inc. now owns 7,329 shares of the company’s stock worth $2,151,000 after acquiring an additional 2,946 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of L3Harris Technologies by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,194,122 shares of the company’s stock valued at $644,128,000 after purchasing an additional 13,575 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of L3Harris Technologies by 101.0% in the fourth quarter. Corient Private Wealth LLC now owns 190,040 shares of the company’s stock valued at $55,790,000 after purchasing an additional 95,487 shares in the last quarter. Finally, First Commonwealth Financial Corp PA grew its position in shares of L3Harris Technologies by 7.7% in the fourth quarter. First Commonwealth Financial Corp PA now owns 3,817 shares of the company’s stock valued at $1,120,000 after purchasing an additional 272 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.