Brokerages predict that Raytheon (NYSE:RTN) will announce $2.88 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Raytheon’s earnings. The lowest EPS estimate is $2.82 and the highest is $2.93. Raytheon reported earnings per share of $2.03 in the same quarter last year, which would indicate a positive year over year growth rate of 41.9%. The company is scheduled to announce its next earnings report on Thursday, January 24th.
On average, analysts expect that Raytheon will report full year earnings of $10.10 per share for the current year, with EPS estimates ranging from $10.05 to $10.15. For the next fiscal year, analysts forecast that the business will post earnings of $11.88 per share, with EPS estimates ranging from $11.65 to $12.05. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Raytheon.
Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, October 25th. The aerospace company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.28. Raytheon had a return on equity of 24.43% and a net margin of 9.33%. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same period in the previous year, the company posted $1.97 EPS.
A number of research firms recently issued reports on RTN. Barclays decreased their price objective on Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Morgan Stanley decreased their target price on Raytheon from $228.00 to $221.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. Wells Fargo & Co decreased their target price on Raytheon from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Bank of America decreased their target price on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a research note on Thursday, October 11th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $227.15.
NYSE:RTN opened at $168.18 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.49. Raytheon has a 52-week low of $162.31 and a 52-week high of $229.75. The firm has a market cap of $47.15 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.18 and a beta of 0.81.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be paid a $0.8675 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $3.47 dividend on an annualized basis and a yield of 2.06%. Raytheon’s dividend payout ratio is currently 45.54%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Addison Capital Co boosted its holdings in Raytheon by 16.1% during the 3rd quarter. Addison Capital Co now owns 1,799 shares of the aerospace company’s stock valued at $372,000 after acquiring an additional 250 shares during the period. ST Germain D J Co. Inc. boosted its holdings in Raytheon by 16.5% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,941 shares of the aerospace company’s stock valued at $375,000 after acquiring an additional 275 shares during the period. Patten Group Inc. boosted its holdings in Raytheon by 2.3% during the 3rd quarter. Patten Group Inc. now owns 12,492 shares of the aerospace company’s stock valued at $2,582,000 after acquiring an additional 282 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Raytheon by 2.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,102 shares of the aerospace company’s stock valued at $1,952,000 after acquiring an additional 283 shares during the period. Finally, Argus Investors Counsel Inc. boosted its holdings in Raytheon by 18.3% during the 3rd quarter. Argus Investors Counsel Inc. now owns 1,827 shares of the aerospace company’s stock valued at $378,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 73.25% 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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