L3Harris Technologies (LHX) Expected to Announce Earnings on Thursday

L3Harris Technologies (NYSE:LHX) will likely be posting its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect L3Harris Technologies to post earnings of $2.48 per share and revenue of $5.31 billion for the quarter. L3Harris Technologies has set its FY 2025 guidance at 10.300-10.500 EPS.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 24th. The company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.09. L3Harris Technologies had a return on equity of 12.38% and a net margin of 7.55%. The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the company posted $3.06 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts expect L3Harris Technologies to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

L3Harris Technologies Trading Up 1.0%

Shares of L3Harris Technologies stock opened at $263.66 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 1.02. L3Harris Technologies has a 52 week low of $193.09 and a 52 week high of $265.74. The stock has a 50 day moving average price of $244.78 and a two-hundred day moving average price of $222.76. The stock has a market capitalization of $49.29 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.04 and a beta of 0.75.

Insiders Place Their Bets

In related news, insider Edward J. Zoiss sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $245.00, for a total transaction of $490,000.00. Following the sale, the insider directly owned 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher E. Kubasik sold 33,061 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $248.48, for a total value of $8,214,997.28. Following the sale, the chief executive officer owned 145,572 shares in the company, valued at approximately $36,171,730.56. The trade was a 18.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Institutional Trading of L3Harris Technologies

A hedge fund recently raised its stake in L3Harris Technologies stock. Brighton Jones LLC lifted its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 233.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,284 shares of the company’s stock after purchasing an additional 3,001 shares during the quarter. Brighton Jones LLC’s holdings in L3Harris Technologies were worth $901,000 as of its most recent SEC filing. 84.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LHX. Susquehanna set a $300.00 price objective on L3Harris Technologies and gave the company a “positive” rating in a research note on Monday. The Goldman Sachs Group raised L3Harris Technologies from a “sell” rating to a “buy” rating and lifted their target price for the company from $198.00 to $263.00 in a research report on Friday, April 11th. Truist Financial boosted their price objective on L3Harris Technologies from $260.00 to $279.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research report on Monday. Finally, Wells Fargo & Company cut their price objective on L3Harris Technologies from $268.00 to $242.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $263.81.

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.