Equities analysts forecast that Raytheon Company (NYSE:RTN) will post $1.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Raytheon Company’s earnings. The lowest EPS estimate is $1.57 and the highest is $1.67. Raytheon Company reported earnings per share of $1.43 during the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The company is scheduled to announce its next earnings report before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that Raytheon Company will report full-year earnings of $7.40 per share for the current fiscal year, with EPS estimates ranging from $7.30 to $7.55. For the next fiscal year, analysts forecast that the company will post earnings of $8.27 per share, with EPS estimates ranging from $7.97 to $9.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Raytheon Company.
Raytheon Company (NYSE:RTN) last posted its quarterly earnings data on Thursday, January 26th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by $0.02. Raytheon Company had a return on equity of 19.77% and a net margin of 9.19%. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.56 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Raytheon Company’s revenue for the quarter was down 1.4% compared to the same quarter last year.
RTN has been the topic of several recent analyst reports. Vetr lowered Raytheon Company from a “strong-buy” rating to a “buy” rating and set a $163.03 price target on the stock. in a research report on Wednesday, January 18th. Royal Bank of Canada restated a “buy” rating and issued a $180.00 target price on shares of Raytheon Company in a research note on Friday, March 24th. Robert W. Baird restated an “outperform” rating and issued a $170.00 target price on shares of Raytheon Company in a research note on Friday, January 20th. Finally, Zacks Investment Research downgraded Raytheon Company from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Raytheon Company presently has a consensus rating of “Buy” and a consensus target price of $159.23.
In related news, Chairman Thomas A. Kennedy sold 36,682 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $151.53, for a total transaction of $5,558,423.46. Following the completion of the sale, the chairman now owns 156,957 shares in the company, valued at approximately $23,783,694.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Frank R. Jimenez sold 500 shares of the stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $142.00, for a total value of $71,000.00. Following the sale, the vice president now owns 26,158 shares of the company’s stock, valued at approximately $3,714,436. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,807 shares of company stock valued at $9,534,602. 0.21% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Murphy Capital Management Inc. increased its stake in shares of Raytheon Company by 2.4% in the third quarter. Murphy Capital Management Inc. now owns 8,702 shares of the company’s stock valued at $1,184,000 after buying an additional 200 shares during the last quarter. BARING ASSET MANAGEMENT Ltd increased its stake in shares of Raytheon Company by 9.7% in the third quarter. BARING ASSET MANAGEMENT Ltd now owns 79,642 shares of the company’s stock valued at $10,842,000 after buying an additional 7,037 shares during the last quarter. Private Capital Advisors Inc. increased its stake in shares of Raytheon Company by 0.3% in the third quarter. Private Capital Advisors Inc. now owns 50,945 shares of the company’s stock valued at $6,935,000 after buying an additional 155 shares during the last quarter. Parkwood LLC purchased a new position in Raytheon Company during the third quarter valued at approximately $273,000. Finally, Standard Life Investments LTD boosted its position in Raytheon Company by 20.7% in the third quarter. Standard Life Investments LTD now owns 768,442 shares of the company’s stock valued at $104,604,000 after buying an additional 131,896 shares during the period. Hedge funds and other institutional investors own 75.72% of the company’s stock.
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Raytheon Company (NYSE:RTN) traded up 0.26% during midday trading on Monday, reaching $151.75. The company’s stock had a trading volume of 1,451,611 shares. The stock has a 50 day moving average of $153.20 and a 200 day moving average of $146.29. Raytheon Company has a 52 week low of $124.77 and a 52 week high of $157.59. The firm has a market capitalization of $44.44 billion, a PE ratio of 20.39 and a beta of 0.67.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Investors of record on Wednesday, April 12th will be paid a dividend of $0.7975 per share. This is an increase from Raytheon Company’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, April 10th. This represents a $3.19 annualized dividend and a yield of 2.10%. Raytheon Company’s dividend payout ratio is presently 39.38%.
Raytheon Company 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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