Press coverage about Raytheon (NYSE:RTN) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Raytheon earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 45.3770552952152 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
Shares of Raytheon (RTN) opened at $193.48 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 1.66. Raytheon has a 52 week low of $141.28 and a 52 week high of $194.69. The company has a market capitalization of $55,930.00, a price-to-earnings ratio of 26.04, a P/E/G ratio of 2.39 and a beta of 0.58.
Raytheon (NYSE:RTN) last posted its earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The firm had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the firm earned $1.79 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. analysts anticipate that Raytheon will post 7.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd will be issued a $0.7975 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $3.19 dividend on an annualized basis and a dividend yield of 1.65%. Raytheon’s dividend payout ratio (DPR) is 42.93%.
Raytheon announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently weighed in on RTN shares. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a research note on Thursday, September 14th. Deutsche Bank raised Raytheon from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $210.00 in a report on Friday, September 29th. Jefferies Group reissued a “buy” rating and set a $190.00 price objective on shares of Raytheon in a report on Friday, September 29th. ValuEngine lowered Raytheon from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $215.00 target price (up previously from $192.00) on shares of Raytheon in a report on Monday, October 9th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $202.65.
In related news, Director Letitia A. Long sold 650 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $185.83, for a total transaction of $120,789.50. Following the sale, the director now owns 2,273 shares in the company, valued at $422,391.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank R. Jimenez sold 175 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $189.13, for a total value of $33,097.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,895 shares of company stock worth $357,215. Corporate insiders own 0.19% of the company’s stock.
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Raytheon Company Profile
Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.
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