Harman Reports Fourth Quarter and Fiscal 2016 Results
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FBR Capital Raises Price Target on Harman (HAR) to $90 Following 4Q
August 5, 2016 9:43 AM EDTFBR Capital reiterated a Market Perform rating on Harmon International (NYSE: HAR), and raised the price target to $90.00 (from $85.00), following the company's 4Q earnings report. Segment revenues were $843 million, compared to the consensus estimates of $822 million. The adjusted EBITDA margin was 13.8%.
Analyst Christopher Horn commented, "HAR gives investors a wide array of investment exposurefrom connected vehicles to... More
Piper Jaffray Remains Sidelined on Harmon International (HAR) Despite Strong Q4; PT to $88
August 5, 2016 8:59 AM EDTPiper Jaffray analyst Alexander Potter reiterated a Neutral rating but raised its price target on Harmon International (NYSE: HAR) to $88.00 (from $84.00) following strong Q4.
Potter commented, "We remain Neutral following a generally strong 4Q16 result. Notably, 12% EBITDA margins in the Professional... More
Baird Downgrades Harmon International (HAR) to Neutral
August 5, 2016 7:49 AM EDTBaird downgraded Harmon International (NYSE: HAR) from Outperform to Neutral with a price target of $87 (unchanged).
For an analyst ratings summary and ratings history on Harmon International click here. For more ratings news on Harmon International click here.
Shares of Harmon International closed at $87.54 yesterday.
... MoreHarman (HAR) Tops Q4 EPS by 5c
August 4, 2016 8:15 AM EDTHarman (NYSE: HAR) reported Q4 EPS of $1.57, $0.05 better than the analyst estimate of $1.52. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.78 billion.
GUIDANCE:
Harman sees FY2017 EPS of $6.75-$7.00, versus the consensus of $6.80. Harman sees... More
