News coverage about Raytheon (NYSE:RTN) has been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raytheon earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the aerospace company an impact score of 46.3855112434875 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Shares of Raytheon stock traded down $4.37 during trading on Thursday, reaching $209.11. The company had a trading volume of 1,480,691 shares, compared to its average volume of 1,774,866. The company has a market capitalization of $61,466.20, a price-to-earnings ratio of 30.09, a P/E/G ratio of 2.02 and a beta of 0.71. Raytheon has a 1-year low of $148.65 and a 1-year high of $222.82. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.48.
Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.81 billion. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. Raytheon’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. research analysts anticipate that Raytheon will post 9.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Investors of record on Wednesday, April 11th will be issued a dividend of $0.8675 per share. This is a positive change from Raytheon’s previous quarterly dividend of $0.80. This represents a $3.47 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, April 10th. Raytheon’s dividend payout ratio (DPR) is 45.90%.
Several research analysts have issued reports on the company. Wells Fargo reiterated an “outperform” rating and issued a $215.00 price target (up previously from $202.00) on shares of Raytheon in a report on Tuesday, January 16th. Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $217.00 price target on the stock in a report on Friday, January 12th. Cowen reiterated a “buy” rating and issued a $215.00 price target on shares of Raytheon in a report on Thursday, January 25th. Sanford C. Bernstein increased their price target on Raytheon from $231.00 to $255.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Morgan Stanley raised their target price on Raytheon from $224.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Raytheon has an average rating of “Buy” and a consensus target price of $214.12.
In related news, CFO Anthony F. O’brien sold 10,503 shares of Raytheon stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $214.17, for a total transaction of $2,249,427.51. Following the sale, the chief financial officer now directly owns 35,328 shares in the company, valued at $7,566,197.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Thomas A. Kennedy sold 44,778 shares of Raytheon stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $215.90, for a total value of $9,667,570.20. Following the sale, the chairman now owns 138,339 shares in the company, valued at $29,867,390.10. The disclosure for this sale can be found here. Insiders have sold 79,400 shares of company stock worth $17,052,714 over the last quarter. 0.19% of the stock is currently owned by corporate insiders.
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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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