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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.28
HRS's Cash to Debt is ranked lower than
55% of the 699 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.13 vs. HRS: 0.28 )
HRS' s 10-Year Cash to Debt Range
Min: 0.03   Max: 1.84
Current: 0.28

0.03
1.84
Equity to Asset 0.37
HRS's Equity to Asset is ranked lower than
53% of the 676 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.57 vs. HRS: 0.37 )
HRS' s 10-Year Equity to Asset Range
Min: 0.32   Max: 0.62
Current: 0.37

0.32
0.62
Interest Coverage 9.42
HRS's Interest Coverage is ranked higher than
51% of the 430 Companies
in the Global Communication Equipment industry.

( Industry Median: 115.57 vs. HRS: 9.42 )
HRS' s 10-Year Interest Coverage Range
Min: 1.15   Max: 13.38
Current: 9.42

1.15
13.38
F-Score: 7
Z-Score: 3.67
M-Score: -2.69
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 17.48
HRS's Operating margin (%) is ranked higher than
94% of the 690 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.50 vs. HRS: 17.48 )
HRS' s 10-Year Operating margin (%) Range
Min: 1.61   Max: 17.6
Current: 17.48

1.61
17.6
Net-margin (%) 10.73
HRS's Net-margin (%) is ranked higher than
89% of the 690 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.06 vs. HRS: 10.73 )
HRS' s 10-Year Net-margin (%) Range
Min: 0.56   Max: 11.32
Current: 10.73

0.56
11.32
ROE (%) 30.48
HRS's ROE (%) is ranked higher than
97% of the 684 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.06 vs. HRS: 30.48 )
HRS' s 10-Year ROE (%) Range
Min: 1.21   Max: 31.58
Current: 30.48

1.21
31.58
ROA (%) 10.95
HRS's ROA (%) is ranked higher than
93% of the 699 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.97 vs. HRS: 10.95 )
HRS' s 10-Year ROA (%) Range
Min: 0.52   Max: 12.73
Current: 10.95

0.52
12.73
ROC (Joel Greenblatt) (%) 72.58
HRS's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 699 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.44 vs. HRS: 72.58 )
HRS' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.14   Max: 81.04
Current: 72.58

4.14
81.04
Revenue Growth (%) -0.10
HRS's Revenue Growth (%) is ranked higher than
63% of the 574 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.10 vs. HRS: -0.10 )
HRS' s 10-Year Revenue Growth (%) Range
Min: -22.1   Max: 21.5
Current: -0.1

-22.1
21.5
EBITDA Growth (%) 2.80
HRS's EBITDA Growth (%) is ranked higher than
72% of the 409 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 vs. HRS: 2.80 )
HRS' s 10-Year EBITDA Growth (%) Range
Min: -37.5   Max: 46.5
Current: 2.8

-37.5
46.5
EPS Growth (%) 2.20
HRS's EPS Growth (%) is ranked higher than
76% of the 378 Companies
in the Global Communication Equipment industry.

( Industry Median: -1.40 vs. HRS: 2.20 )
HRS' s 10-Year EPS Growth (%) Range
Min: -39.7   Max: 80.6
Current: 2.2

-39.7
80.6
» HRS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

HRS Guru Trades in Q4 2013

John Hussman 300,000 sh (+72.71%)
Michael Price 325,000 sh (unchged)
Jean-Marie Eveillard 1,600 sh (unchged)
Murray Stahl 22,033 sh (-1.78%)
Brian Rogers 4,089,500 sh (-4.66%)
Joel Greenblatt 243,993 sh (-12.87%)
Jeremy Grantham 9,989 sh (-22.41%)
David Dreman 24,300 sh (-47.24%)
Steven Cohen 6,305 sh (-47.48%)
Jim Simons 240,800 sh (-56.99%)
» More
Q1 2014

HRS Guru Trades in Q1 2014

Jean-Marie Eveillard 5,600 sh (+250%)
Steven Cohen 18,958 sh (+200.68%)
David Dreman 40,273 sh (+65.73%)
John Hussman 300,000 sh (unchged)
Brian Rogers 4,089,500 sh (unchged)
Jeremy Grantham Sold Out
Murray Stahl 21,033 sh (-4.54%)
Joel Greenblatt 155,143 sh (-36.41%)
Michael Price 147,769 sh (-54.53%)
Jim Simons 78,000 sh (-67.61%)
» More
Q2 2014

HRS Guru Trades in Q2 2014

Pioneer Investments 16,117 sh (New)
Brian Rogers 4,089,500 sh (unchged)
Michael Price Sold Out
Jim Simons Sold Out
Murray Stahl 20,333 sh (-3.33%)
John Hussman 275,000 sh (-8.33%)
David Dreman 28,675 sh (-28.8%)
Joel Greenblatt 83,858 sh (-45.95%)
Jean-Marie Eveillard 1,600 sh (-71.43%)
» More
Q3 2014

HRS Guru Trades in Q3 2014

Jim Simons 428,600 sh (New)
Paul Tudor Jones 15,087 sh (New)
Joel Greenblatt 658,186 sh (+684.88%)
David Dreman 29,780 sh (+3.85%)
Brian Rogers 4,089,500 sh (unchged)
Jean-Marie Eveillard 1,600 sh (unchged)
Pioneer Investments Sold Out
Murray Stahl 20,323 sh (-0.05%)
John Hussman 230,000 sh (-16.36%)
» More
» Details

Insider Trades

Latest Guru Trades with HRS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-09-30 Add 684.88%0.38%$67.16 - $76.18 $ 71.571%658186
John Hussman 2014-09-30 Reduce -16.36%0.26%$67.16 - $76.18 $ 71.571%230000
Michael Price 2014-06-30 Sold Out 1.3%$69.34 - $77.55 $ 71.57-4%0
John Hussman 2014-06-30 Reduce -8.33%0.13%$69.34 - $77.55 $ 71.57-4%275000
Joel Greenblatt 2014-06-30 Reduce -45.95%0.08%$69.34 - $77.55 $ 71.57-4%83858
David Dreman 2014-06-30 Reduce -28.8%0.07%$69.34 - $77.55 $ 71.57-4%28675
Jean-Marie Eveillard 2014-06-30 Reduce -71.43%$69.34 - $77.55 $ 71.57-4%1600
Michael Price 2014-03-31 Reduce -54.53%1.58%$67.24 - $75.03 $ 71.570%147769
Joel Greenblatt 2014-03-31 Reduce -36.41%0.15%$67.24 - $75.03 $ 71.570%155143
David Dreman 2014-03-31 Add 65.73%0.09%$67.24 - $75.03 $ 71.570%40273
Jean-Marie Eveillard 2014-03-31 Add 250%$67.24 - $75.03 $ 71.570%5600
John Hussman 2013-12-31 Add 72.71%0.63%$58 - $70.16 $ 71.5713%300000
David Dreman 2013-12-31 Reduce -47.24%0.12%$58 - $70.16 $ 71.5713%24300
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about Harris Corporation

Guru John Hussman's Top Five Positions
Over the past quarter Guru John Hussman (Trades, Portfolio) added 33 stocks to his holdings, bringing his total portfolio holdings to 197 stocks valued at $1.334 billion. The following five stocks are Hussman’s top five positions as of the close of the first quarter. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 14.40
HRS's P/E(ttm) is ranked higher than
88% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 65.00 vs. HRS: 14.40 )
HRS' s 10-Year P/E(ttm) Range
Min: 7.54   Max: 496.09
Current: 14.4

7.54
496.09
P/B 4.20
HRS's P/B is ranked higher than
53% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.19 vs. HRS: 4.20 )
HRS' s 10-Year P/B Range
Min: 1.67   Max: 4.6
Current: 4.2

1.67
4.6
P/S 1.50
HRS's P/S is ranked higher than
66% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.49 vs. HRS: 1.50 )
HRS' s 10-Year P/S Range
Min: 0.64   Max: 2
Current: 1.5

0.64
2
PFCF 14.30
HRS's PFCF is ranked higher than
90% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HRS: 14.30 )
HRS' s 10-Year PFCF Range
Min: 6.7   Max: 40.11
Current: 14.3

6.7
40.11
EV-to-EBIT 9.96
HRS's EV-to-EBIT is ranked higher than
89% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 50.69 vs. HRS: 9.96 )
HRS' s 10-Year EV-to-EBIT Range
Min: 4.6   Max: 22.6
Current: 9.96

4.6
22.6
PEG 3.86
HRS's PEG is ranked higher than
88% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HRS: 3.86 )
HRS' s 10-Year PEG Range
Min: 0.21   Max: 3.28
Current: 3.86

0.21
3.28
Shiller P/E 26.10
HRS's Shiller P/E is ranked higher than
87% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HRS: 26.10 )
HRS' s 10-Year Shiller P/E Range
Min: 10.3   Max: 66.76
Current: 26.1

10.3
66.76
Current Ratio 1.78
HRS's Current Ratio is ranked higher than
60% of the 692 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.11 vs. HRS: 1.78 )
HRS' s 10-Year Current Ratio Range
Min: 1.12   Max: 3.3
Current: 1.78

1.12
3.3
Quick Ratio 1.18
HRS's Quick Ratio is ranked higher than
55% of the 692 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.68 vs. HRS: 1.18 )
HRS' s 10-Year Quick Ratio Range
Min: 0.78   Max: 2.78
Current: 1.18

0.78
2.78

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.50
HRS's Dividend Yield is ranked higher than
67% of the 370 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.77 vs. HRS: 2.50 )
HRS' s 10-Year Dividend Yield Range
Min: 0.61   Max: 3.43
Current: 2.5

0.61
3.43
Dividend Payout 0.34
HRS's Dividend Payout is ranked higher than
87% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. HRS: 0.34 )
HRS' s 10-Year Dividend Payout Range
Min: 0.07   Max: 12
Current: 0.34

0.07
12
Dividend growth (3y) 18.90
HRS's Dividend growth (3y) is ranked higher than
87% of the 189 Companies
in the Global Communication Equipment industry.

( Industry Median: 6.60 vs. HRS: 18.90 )
HRS' s 10-Year Dividend growth (3y) Range
Min: -40.7   Max: 35.7
Current: 18.9

-40.7
35.7
Yield on cost (5-Year) 5.82
HRS's Yield on cost (5-Year) is ranked higher than
87% of the 377 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.90 vs. HRS: 5.82 )
HRS' s 10-Year Yield on cost (5-Year) Range
Min: 1.42   Max: 7.98
Current: 5.82

1.42
7.98
Share Buyback Rate 5.30
HRS's Share Buyback Rate is ranked higher than
94% of the 479 Companies
in the Global Communication Equipment industry.

( Industry Median: -0.80 vs. HRS: 5.30 )
HRS' s 10-Year Share Buyback Rate Range
Min: 5.8   Max: -2.3
Current: 5.3

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.10
HRS's Price/DCF (Projected) is ranked higher than
87% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 24.95 vs. HRS: 1.10 )
HRS' s 10-Year Price/DCF (Projected) Range
Min: 0.43   Max: 2.13
Current: 1.1

0.43
2.13
Price/Median PS Value 1.20
HRS's Price/Median PS Value is ranked higher than
65% of the 756 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.12 vs. HRS: 1.20 )
HRS' s 10-Year Price/Median PS Value Range
Min: 0.25   Max: 4.52
Current: 1.2

0.25
4.52
Earnings Yield (Greenblatt) 10.00
HRS's Earnings Yield (Greenblatt) is ranked higher than
88% of the 689 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.70 vs. HRS: 10.00 )
HRS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.4   Max: 21.5
Current: 10

4.4
21.5
Forward Rate of Return (Yacktman) 11.51
HRS's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 513 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.67 vs. HRS: 11.51 )
HRS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.9   Max: 48.6
Current: 11.51

1.9
48.6

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:HRS.Germany
Harris Corporation was incorporated in Delaware on December 6, 1926 as the successor to three companies founded in the 1890s. The Company together with its subsidiaries is a communications and information technology company serving government and commercial markets in approximately more than 125 countries. It operates in three segments including; RF Communications, Integrated Network Solutions, and Government Communications Systems. The RF Communications segment is engaged in supplying of secure tactical radio communications and high-grade encryption solutions for military, government & commercial customers & also of secure communications systems and equipment for public safety, utility and transportation customers. It serves U.S. Department of Defense and International Tactical Communications; and Public Safety and Professional Communications markets. For U.S. Department of Defense and International Tactical Communications Market, Company design, develop and manufacture line of secure radio communications products and systems for manpack, handheld, vehicular, airborne, strategic fixed-site and shipboard installations that span the communications architecture from High Capacity Line of Site, backbone radios to small soldier personal radios and tablet computers. For Public Safety and Professional Communications Market, Company design, build, distribute, maintain and supply wireless communications systems. The Integrated Network Solutions segment is engaged in providing integrated communications and information technology & services, including trusted networking capabilities, to support government, energy, maritime and healthcare customers. It serves IT Services; Managed Satellite and Terrestrial Communications Solutions; and Commercial Healthcare Solutions markets. For IT Services Market, Company through its systems and network integrator & prime contractor provides mission-critical end-to-end IT services for defense, intelligence, homeland security and civilian government customers. For Managed Satellite and Terrestrial Communications Solutions Market, Company provides end-to-end fully-managed hybrid communications network solutions to critical operations in remote and harsh locations for energy, maritime and government customers. For Commercial Healthcare Solutions Market, Company offer commercial and international healthcare providers range of interoperability and business intelligence solutions. The Government Communications Systems segment conducts research & develops, produces, integrates and supports advanced communications and information systems that solve the mission-critical challenges of civilian, intelligence and defense government customers. It serves Civil; National Intelligence; and Defense markets. For Civil Market, Company provides reliable, mission-critical communications and information processing systems that meet the demanding needs of civilian U.S. Government agencies, including the Federal Aviation Administ
» More Articles for HRS

Headlines

Articles On GuruFocus.com
Dividend Analysis of Communication Equipment Stocks Jun 25 2014 
Guru John Hussman's Top Five Positions May 02 2014 
Harris Received a Couple of Contracts to Boost Profitability Apr 21 2014 
Brian Rogers' T. Rowe Price Equity Income Fund Annual Letter Mar 20 2014 
7 Tech Stocks with a History of Growing Their Dividends Nov 06 2013 
Communicating Profits: Gurus Arrange Prospects Sep 30 2013 
6 Stocks Increasing Dividends For A Rainy Day Sep 02 2013 
yield: 19,20 ROCE: 5 May 19 2013 
comment on HRS May 09 2013 
Harris Corporation (HRS) Dividend Stock Analysis Oct 26 2012 

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