Media coverage about Raytheon (NYSE:RTN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Raytheon earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 45.6243391097876 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
RTN stock traded up $0.78 during mid-day trading on Monday, hitting $228.13. The company had a trading volume of 1,422,981 shares, compared to its average volume of 1,775,060. The stock has a market cap of $65,591.84, a P/E ratio of 29.94, a PEG ratio of 2.14 and a beta of 0.70. Raytheon has a 12-month low of $154.01 and a 12-month high of $228.85. 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 announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS. analysts anticipate that Raytheon will post 9.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Wednesday, April 11th will be paid a $0.8675 dividend. The ex-dividend date is Tuesday, April 10th. This represents a $3.47 annualized dividend and a yield of 1.52%. This is a boost from Raytheon’s previous quarterly dividend of $0.80. Raytheon’s payout ratio is presently 45.54%.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $245.00 target price for the company in a report on Tuesday, March 27th. Wells Fargo reaffirmed an “outperform” rating and issued a $215.00 target price (up previously from $202.00) on shares of Raytheon in a report on Tuesday, January 16th. Barclays assumed coverage on shares of Raytheon in a report on Thursday, March 29th. They issued an “equal weight” rating and a $239.00 target price for the company. Cowen reaffirmed a “buy” rating and issued a $235.00 target price on shares of Raytheon in a report on Tuesday, April 17th. Finally, Sanford C. Bernstein upped their target price on shares of Raytheon from $231.00 to $255.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $220.53.
In other news, Director Stephen J. Hadley sold 800 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $203.31, for a total transaction of $162,648.00. Following the sale, the director now directly owns 10,845 shares in the company, valued at approximately $2,204,896.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony F. O’brien sold 10,503 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were 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 owns 35,328 shares in the company, valued at $7,566,197.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,866 shares of company stock worth $22,730,714. 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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