Raytheon (NYSE:RTN) is scheduled to announce its earnings results before the market opens on Thursday, April 26th. Analysts expect the company to announce earnings of $2.10 per share for the quarter. Raytheon has set its FY18 guidance at $9.55-9.75 EPS.
Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.01. Raytheon had a net margin of 7.98% and a return on equity of 21.36%. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the business earned $1.84 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, analysts expect Raytheon to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Raytheon stock opened at $228.13 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.54 and a quick ratio of 1.46. Raytheon has a 52-week low of $154.01 and a 52-week high of $228.85. The company has a market cap of $65,591.84, a price-to-earnings ratio of 29.94, a PEG ratio of 2.14 and a beta of 0.70.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders 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. The ex-dividend date is Tuesday, April 10th. This represents a $3.47 annualized dividend and a yield of 1.52%. Raytheon’s dividend payout ratio (DPR) is presently 45.54%.
In related news, Chairman Thomas A. Kennedy sold 44,778 shares of Raytheon stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $215.90, for a total value of $9,667,570.20. Following the completion of the sale, the chairman now owns 138,339 shares of the company’s stock, valued at approximately $29,867,390.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael J. Wood sold 1,974 shares of Raytheon stock in a transaction on Friday, January 26th. The shares were sold at an average price of $208.07, for a total transaction of $410,730.18. Following the completion of the sale, the vice president now directly owns 17,467 shares of the company’s stock, valued at approximately $3,634,358.69. The disclosure for this sale can be found here. In the last three months, insiders sold 105,866 shares of company stock valued at $22,730,714. 0.19% of the stock is currently owned by insiders.
Several research analysts have issued reports on RTN shares. Robert W. Baird restated a “buy” rating and set a $237.00 price target on shares of Raytheon in a report on Friday, January 26th. Stifel Nicolaus raised their price target on shares of Raytheon from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Cowen restated a “buy” rating and set a $215.00 price target on shares of Raytheon in a report on Thursday, January 25th. Royal Bank of Canada set a $235.00 price target on shares of Raytheon and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of Raytheon from a “hold” rating to a “buy” rating and set a $217.00 price target for the company in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Raytheon presently has an average rating of “Buy” and an average target price of $220.53.
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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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