L3Harris Technologies Inc. (LHX) is increasingly being seen as an undervalued stock with strong potential for value investors. Institutions are showing a strong interest in LHX owning about
86% of the company. The past year has seen a
29% gain for anyone who invested in LHX. Despite a decline in earnings over the past five years, optimism for LHX has increased in the recent week with expectations of a rebound. Strong Q2 earnings with a revenue up by
13% further reinforce belief in LHX's potential. Despite concerns over the level of debt within the company, analysts believe that LHX can manage its debt sensibly. Notable for its growth in the defense sector, LHX's recent performance results have prompted an increase in the profitability guidance for 2024. However, caution is expressed as insiders have sold US$4.4m of stock. Analysts are divided on LHX's performance, with some downgrading the stock, while others hail it as a dividend favorite. Despite a miss on revenue expectations for Q2 2024, LHX was able to exceed on EPS. Not only in the defense sector, LHX has also furthered its portfolio by engaging in space technology deals, announcing 2030 sustainability goals, and seeking smart cost-cutting initiatives.
L3harris Technologies LHX News Analytics from Sun, 07 Jan 2024 08:00:00 GMT to Sun, 01 Sep 2024 11:21:36 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
