L3Harris Technologies’ Earnings Report Anticipated with Varying Analyst Recommendations and Recent Dividend Increase

L3Harris Technologies (NYSE:LHX) has been the subject of various research reports from analysts recently, with varying recommendations on its stock. Investors are eagerly anticipating the company’s earnings report for the quarter which is due for release after market hours on Thursday, April 27th. Analysts predict that L3Harris Technologies will post earnings of $2.88 per share for the quarter. Persons who are interested in registering for the company’s earnings conference call may do so via the following link.

The target price for L3Harris Technologies’ shares have been cut by Cowen and Credit Suisse Group to $240.00 and labeled an “outperform” rating respectively. Truist Financial dropped their price target on shares of L3Harris Technologies from $264.00 to $255.00 and set a “buy” rating while Wells Fargo & Company raised their target price from $219.00 to $230.00 giving the company an “equal weight” rating on February 1st.

L3Harris Technologies’ stock currently holds eight hold ratings and seven buy ratings, according to Bloomberg. The consensus rating is a Hold with an average target price of $259.46.

Furthermore, L3Harris Technologies also recently announced a quarterly dividend effective March 24th where shareholders received a dividend payout of $1.14 if they were recorded as shareholders on Friday, March 10th or prior to it; otherwise known as ex-dividend date was Thursday, March 9th – this represents a boost from the company’s previous quarterly dividend figure which stood at $1.12 as L3Harris Technologies aims towards maintaining positive shareholder relations.