Media headlines about Raytheon (NYSE:RTN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Raytheon earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 46.3948429364703 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
A number of research analysts have issued reports on RTN shares. Robert W. Baird reissued a “buy” rating and set a $237.00 price objective on shares of Raytheon in a research report on Friday, January 26th. Stifel Nicolaus boosted their price objective on shares of Raytheon from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Cowen reissued a “buy” rating and set a $215.00 price objective on shares of Raytheon in a research report on Thursday, January 25th. Royal Bank of Canada set a $235.00 price objective on shares of Raytheon and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $245.00 price objective on the stock in a research report on Tuesday, March 27th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Raytheon currently has an average rating of “Buy” and a consensus price target of $220.53.
Shares of NYSE:RTN traded up $2.89 during midday trading on Monday, reaching $213.95. The company’s stock had a trading volume of 1,195,212 shares, compared to its average volume of 1,882,065. The company has a market capitalization of $60.63 billion, a PE ratio of 28.08, a P/E/G ratio of 1.86 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.62 and a quick ratio of 1.52. Raytheon has a 12-month low of $158.32 and a 12-month high of $229.75.
Raytheon (NYSE:RTN) last released its earnings results on Thursday, April 26th. The aerospace company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.10. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.21 billion. Raytheon had a net margin of 8.40% and a return on equity of 22.69%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. equities analysts anticipate that Raytheon will post 9.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 10th. Stockholders of record on Wednesday, April 11th were given a $0.8675 dividend. The ex-dividend date was Tuesday, April 10th. This is an increase from Raytheon’s previous quarterly dividend of $0.80. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.62%. Raytheon’s dividend payout ratio is currently 45.54%.
In related news, VP Rebecca R. Rhoads sold 12,054 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $212.09, for a total transaction of $2,556,532.86. Following the sale, the vice president now directly owns 26,266 shares of the company’s stock, valued at approximately $5,570,755.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Hadley sold 1,000 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $209.23, for a total transaction of $209,230.00. Following the sale, the director now directly owns 9,524 shares in the company, valued at $1,992,706.52. The disclosure for this sale can be found here. Insiders sold a total of 38,969 shares of company stock worth $8,323,643 over the last ninety days. Insiders own 0.19% of the company’s stock.
Raytheon Company Profile
Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.
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