Latest news with #LHX
Yahoo
7 days ago
- Business
- Yahoo
L3Harris: Q2 Earnings Snapshot
MELBOURNE, Fla. (AP) — MELBOURNE, Fla. (AP) — L3Harris Technologies, Inc. (LHX) on Thursday reported second-quarter earnings of $458 million. On a per-share basis, the Melbourne, Florida-based company said it had net income of $2.44. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.78 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share. The technology and communications company posted revenue of $5.43 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $5.3 billion. L3Harris expects full-year earnings in the range of $10.40 to $10.60 per share, with revenue expected to be $21.75 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LHX at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
- Yahoo
L3Harris Technologies (LHX) Reports Increased Q2 Earnings With US$458 Million Net Income
L3Harris Technologies recently announced robust financial results for the second quarter of 2025, reporting strong growth in sales and net income, which likely influenced its stock performance. The company also affirmed a quarterly dividend, and launched new products that span electronic warfare and kinetic platforms, enhancing its position in the defense sector. Additionally, its plans for a substantial expansion of manufacturing capabilities reflect commitment to future growth. During the quarter, LHX shares rose 25%, while the broader market increased 18%. The company's performance likely aligned with prevalent market trends, bolstering investor confidence and contributing to its impressive stock performance. We've discovered 1 risk for L3Harris Technologies that you should be aware of before investing here. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent strong performance of L3Harris Technologies' stock, rising 25% during the quarter, highlights investor optimism following robust sales growth and product launches. This momentum is supported by solid financial results for the second quarter of 2025, which could enhance the company's revenue and earnings prospects. With an ongoing commitment to expansion, the news is likely to bolster future revenue streams, particularly within the defense sector. Over a five-year period, the company's total shareholder return, which includes share price appreciation and dividends, reached 72.62%. Despite underperforming the US Aerospace & Defense industry over the past year, the company's recent quarterly growth suggests a potential rebound. However, in the last year, the stock underperformed both the US market's 17.7% and industry's 41.7% gains. The forecasted revenue growth of 4.4% annually over the next three years aligns with strategic initiatives like LHX NeXt and international demand. These, alongside potential earnings reaching US$2.5 billion by 2028, underpin a positive growth outlook. The share price's proximity to the analyst price target of US$273.22 suggests limited upside potential in the short term, reflecting the market's perception of it being fairly priced at current levels. The analysis detailed in our L3Harris Technologies valuation report hints at an deflated share price compared to its estimated value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include LHX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Globe and Mail
24-07-2025
- Business
- Globe and Mail
L3Harris Beats on Q2 Earnings, Raises '25 Revenue View
L3Harris Technologies, Inc. LHX reported second-quarter 2025 adjusted earnings (from continuing operations) of $2.78 per share, which beat the Zacks Consensus Estimate of $2.48 by 12.1%. The bottom line also increased 15.8% from the year-ago quarter's $2.40. Including one-time items, the company reported GAAP earnings of $2.44 per share, up from $1.92 in the prior-year period. The year-over-year improvement in the bottom line can be attributed to higher revenues as well as operating income. L3Harris Technologies Inc Price, Consensus and EPS Surprise L3Harris Technologies Inc price-consensus-eps-surprise-chart | L3Harris Technologies Inc Quote LHX's Total Revenues L3Harris' revenues totaled $5.43 billion, which beat the Zacks Consensus Estimate of $5.30 billion by 2.3%. The top line also improved 2.4% from the year-ago quarter's $5.30 billion. The year-over-year increase in top line was driven by growth across all segments, primarily from higher volumes, new program ramps and increased international demand. LHX's Segmental Performance Integrated Mission Systems: The segment recorded net revenues of $1.62 billion, down 2.9% year over year. This was due to the divestiture of the company's CAS business in the first quarter of 2025. This segment recorded an operating income of $214 million compared with $200 million in the second quarter of 2024. The segment's operating margin contracted 120 basis points (bps) to 13.2% due to monetization of legacy end-of-life assets, aligned with LHX's transformation and value creation priorities. Space and Airborne Systems: Net revenues from the segment were $1.79 billion, reflecting a year-over-year improvement of 4.3%. The upside was driven by increased FAA volume in its Mission Networks business and higher volume and improved program performance in Airborne Combat Systems business. The segment's operating income improved to $220 million from $215 million in the year-ago quarter. The operating margin, however, contracted 30 bps to 12.3% owing to unfavorable mix. Communication Systems: Net revenues from this segment increased 2.2% to $1.38 billion. This improvement was driven by increased international volume for resilient communication equipment and related waveforms. The unit's operating income improved to $336 million from $329 million in the year-ago quarter. The operating margin remained flat year over year. Aerojet Rocketdyne: This segment reported revenues of $698 million, which improved 10.3% year over year. This rise was driven by increased production volume across key missile and munitions programs and new program ramp-up. The unit's operating income of $93 million improved from $81 million in the second quarter of 2024. The operating margin expanded 50 bps to 13.3% driven by LHX NeXt driven cost savings and a favorable contract resolution. Financial Position of LHX As of June 27, 2025, L3Harris had $482 million in cash and cash equivalents compared with $615 million as of Jan. 3, 2025. The long-term debt as of the same date was $10.98 billion compared with $11.08 billion as of Jan. 3, 2025. The net cash flow from operating activities was $598 million during the first six months of 2025 compared with $650 million in the prior-year period. At the end of the second quarter of 2025, L3Harris' adjusted free cash flow was $502 million compared with $558 million at the end of the second quarter of 2024. LHX 2025 Guidance L3Harris updated its financial guidance for 2025. It now expects to generate approximately $21.75 billion in revenues, higher than its earlier guidance of $21.40-$21.70 billion. The Zacks Consensus Estimate for 2025 revenues is pegged at $21.59 billion, which lies much lower than the company's new guidance. L3Harris expects adjusted earnings to be in the range of $10.40-$10.60 per share, higher than the prior guidance of $10.30-$10.50. The consensus estimate for adjusted earnings is pegged at $10.48 per share, which lies below the mid-point of the company's newly guided range. It currently expects adjusted free cash flow to be around $2.65 billion, higher than the prior guidance of $2.40-$2.50 billion. LHX's Zacks Rank L3Harris currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Defense Releases Lockheed Martin Corporation LMT reported second-quarter 2025 adjusted earnings of $7.29 per share, which beat the Zacks Consensus Estimate of $6.49 by 12.3%. The bottom line increased 2.5% from the year-ago quarter's reported figure of $7.11. Net sales were $18.16 billion, which missed the Zacks Consensus Estimate of $18.56 billion by 2.2%. The top line, however, inched up 0.2% from $18.12 billion in the year-ago quarter. Northrop Grumman Corporation NOC reported second-quarter 2025 adjusted earnings of $7.11 per share, which beat the Zacks Consensus Estimate of $6.71 by 6%. NOC's total sales of $10.35 billion beat the Zacks Consensus Estimate of $10.06 billion by 2.9%. The top line also rose 1.3% from $10.22 billion reported in the year-ago quarter. RTX Corporation 's RTX second-quarter 2025 adjusted EPS of $1.56 beat the Zacks Consensus Estimate of $1.45 by 7.6%. The bottom line also improved 10.6% from the year-ago quarter's level of $1.41 due to growth in adjusted operating profit. RTX's second-quarter sales totaled $21.58 billion, which surpassed the Zacks Consensus Estimate of $20.53 billion by 5.1%. The top line also surged a solid 9.4% from $19.72 billion recorded for the second quarter of 2024. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report L3Harris Technologies Inc (LHX): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report
Yahoo
02-07-2025
- Business
- Yahoo
LHX vs. RTX: Which Stock Is the Better Value Option?
Investors looking for stocks in the Aerospace - Defense sector might want to consider either L3Harris (LHX) or RTX (RTX). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. L3Harris and RTX are sporting Zacks Ranks of #2 (Buy) and #4 (Sell), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that LHX has an improving earnings outlook. However, value investors will care about much more than just this. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. LHX currently has a forward P/E ratio of 24.08, while RTX has a forward P/E of 24.15. We also note that LHX has a PEG ratio of 2.01. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. RTX currently has a PEG ratio of 2.61. Another notable valuation metric for LHX is its P/B ratio of 2.46. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, RTX has a P/B of 3.04. These metrics, and several others, help LHX earn a Value grade of B, while RTX has been given a Value grade of C. LHX stands above RTX thanks to its solid earnings outlook, and based on these valuation figures, we also feel that LHX is the superior value option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report L3Harris Technologies Inc (LHX) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
26-06-2025
- Business
- Yahoo
L3Harris (LHX) wins $487 million DoD contract for Terminal Modernization
L3Harris Technologies, Inc. (NYSE:LHX) is one of the 11 best industrial stocks to buy right now. On June 17, the company announced it had secured a $487.3 million cost-plus fixed contract from the US Department of Defense. Jirat Teparaksa/ The contact is for the modernization of enterprise terminals. The company will also offer depot and engineering support services as part of the contract. The Army Contracting Command at Aberdeen Proving Ground is to manage the five-year contract slated for completion in 2030. An area where the contract will be implemented will be determined with each order as the project progresses. The Army and L3Harris have already partnered on a number of similar contracts. In January, the company received a $300 million buy order to supply the Army with handheld, manpack, and small form fit, or HMS, radios. The contract falls under a possible 10-year, $12.7 billion contract Harris was given in 2016. L3Harris Technologies, Inc. (NYSE:LHX) is a global aerospace and defense technology company that provides end-to-end solutions across air, land, sea, space, and cyber domains. It specializes in complex intelligence, surveillance, reconnaissance (ISR), and electronic warfare (EW) systems. While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
