EVE (NYSE:EVEX) vs. L3Harris Technologies (NYSE:LHX) Critical Survey

EVE (NYSE:EVEX) and L3Harris Technologies (NYSE:LHX) are both aerospace companies, but which is the superior business? We will contrast the two businesses based on the strength of their analyst recommendations, profitability, earnings, institutional ownership, valuation, dividends and risk.

Analyst Recommendations

This is a summary of current recommendations for EVE and L3Harris Technologies, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
EVE	0	2	3	0	2.60
L3Harris Technologies	0	5	13	0	2.72

EVE presently has a consensus price target of $6.58, indicating a potential upside of 65.62%. L3Harris Technologies has a consensus price target of $279.47, indicating a potential downside of 3.38%. Given EVE’s higher possible upside, research analysts clearly believe EVE is more favorable than L3Harris Technologies.

Insider and Institutional Ownership

1.3% of EVE shares are held by institutional investors. Comparatively, 84.8% of L3Harris Technologies shares are held by institutional investors. 0.3% of EVE shares are held by insiders. Comparatively, 0.7% of L3Harris Technologies shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Risk & Volatility

EVE has a beta of 0.82, meaning that its share price is 18% less volatile than the S&P 500. Comparatively, L3Harris Technologies has a beta of 0.76, meaning that its share price is 24% less volatile than the S&P 500.

Profitability

This table compares EVE and L3Harris Technologies’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
EVE	N/A	-202.62%	-65.15%
L3Harris Technologies	7.94%	11.82%	5.47%

Valuation and Earnings

This table compares EVE and L3Harris Technologies”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
EVE	N/A	N/A	-$138.17 million	($0.63)	-6.31
L3Harris Technologies	$21.33 billion	2.54	$1.50 billion	$8.95	32.32

L3Harris Technologies has higher revenue and earnings than EVE. EVE is trading at a lower price-to-earnings ratio than L3Harris Technologies, indicating that it is currently the more affordable of the two stocks.

Summary

L3Harris Technologies beats EVE on 11 of the 13 factors compared between the two stocks.

About EVE

Eve Holding, Inc. is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.

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. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber; mission avionics; electronic warfare systems; and mission networks systems for air traffic management operations. The company's Communication Systems segment provides broadband communications; tactical radios, software, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; integrated vision solutions, including helmet-mounted integrated night vision goggles with leading-edge image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios, and system applications and equipment. Its Aerojet Rocketdyne segment provides propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical systems; and space propulsion and power systems for national security, and space and exploration missions. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is based in Melbourne, Florida.