L3Harris Technologies Inc


Market Cap$40.57B

Compare L3Harris Technologies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
L3Harris Technologies IncL3Harris Technologies Inc33.12.12%7%2.10.7
marketMarket Avg49.61.28%30%6.11.1
IndustrialsIndustrials Avg19.10.99%21%3.10.6

Earnings Call Q4 2023

January 26, 2024 - AI Summary

L3Harris reported strong financial results for the fourth quarter of 2023, meeting their guidance and achieving record orders and backlog.
The company reaffirmed its financial outlook for 2024, with expected revenue of $20.7 billion to $21.3 billion and organic growth in all segments.
L3Harris expects segment operating margin to be approximately 15% in 2024, driven by increased volume, operational improvements, and cost savings from the LHX NeXt initiative.
The company anticipates non-GAAP EPS to grow to a range of $12.40 to $12.80 in 2024, with sequential growth throughout the year.
L3Harris plans to prioritize debt reduction and return excess cash to shareholders through dividends and share repurchases.
The Aerojet Rocketdyne integration is progressing well, with $50 million in cost synergies achieved and further opportunities for improvement expected. The demand for Aerojet's products exceeds supply, indicating potential market share gains. Overall, the earnings call highlighted L3Harris' solid performance, positive outlook, and focus on driving operational efficiencies and shareholder value.

Target Price by Analysts

1.3% upsideL3Harris Technologies Target Price DetailsTarget Price

Current Fair Value

3.5% upside

Undervalued by 3.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$40.57 Billion
Enterprise Value$53.14 Billion
Dividend Yield$4.5174 (2.12%)
Earnings per Share$6.44
Outstanding Shares190,107,856
Avg 30 Day Volume1,137,928


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio33.07
Price to Sales2.08
Price to Book Ratio2.16
Enterprise Value to Revenue2.74
Enterprise Value to EBIT28.71
Enterprise Value to Net Income43
Total Debt to Enterprise0.25
Debt to Equity0.7

Revenue Sources

No data

ESG Score

No data

About L3Harris Technologies Inc

CEO: William Brown