Citigroup has initiated coverage on L3Harris Technologies Inc (LHX) with a Buy rating, marking the firm's first assessment of the company. This decision highlights Citigroup's confidence in L3Harris's investment potential, informed by research into the company's business operations and industry dynamics.
L3Harris operates within the aerospace and defense sector, providing a range of defense and commercial technologies across air, land, sea, space, and cyber domains. Headquartered in Melbourne, Florida, the company employs approximately 47,000 full-time staff. Its diverse segments include Space & Airborne Systems, Integrated Mission Systems, Communication Systems, and Aerojet Rocketdyne, each contributing to its robust market presence.
As of December 11, 2025, L3Harris's stock is priced at $288.20, with a market capitalization of $53.5 billion. The company has a trailing twelve-month price-to-earnings ratio of 30.41 and an earnings per share of 9.31. Notably, L3Harris offers a dividend yield of 167.9%.
Upcoming earnings reports are scheduled for July 22, 2026, and April 22, 2026, with estimated earnings per share of $3.02 and $2.71, respectively. Recent performance has shown positive surprises in earnings, with Q3 2025 reporting an EPS of $2.70, exceeding estimates by 3.8%.
Analyst consensus currently reflects a Buy rating, with a total of 26 analysts providing ratings: 7 Strong Buy, 11 Buy, and 8 Hold. This update provides insight into L3Harris's standing in the market and the professional outlook from Citigroup.