News headlines about Raytheon Company (NYSE:RTN) have been trending somewhat positive on Friday, AlphaOne Sentiment Analysis reports. The research group, a unit of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Raytheon Company earned a media sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also gave news articles about the aerospace company an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Alpha One Sentiment’s rankings:
- As Boeing, Lockheed Prep For Paris Air Show, Raytheon Gets Upgrade (finance.yahoo.com)
- Defense Stock Roundup: James Mattis Favors Budget Hike, UTX Ups Dividend, BA & HRS Win Big (finance.yahoo.com)
- Raytheon (RTN) Holder Seaward Management Limited Partnership Has Decreased Its Stake as Share Value Rose … – BZ Weekly (bzweekly.com)
- Raytheon Wins $83M Navy Contract for AIM-9X Block II Missile (finance.yahoo.com)
- Raytheon secures $116M Army weapon contract (bizjournals.com)
Raytheon Company (NYSE RTN) traded down 0.02% during midday trading on Friday, reaching $162.56. The company had a trading volume of 1,696,866 shares. The stock has a market cap of $47.32 billion, a P/E ratio of 20.94 and a beta of 0.63. Raytheon Company has a 12 month low of $130.97 and a 12 month high of $164.35. The firm has a 50-day moving average of $160.06 and a 200-day moving average of $152.29.
Raytheon Company (NYSE:RTN) last issued its quarterly earnings results on Thursday, April 27th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.12. Raytheon Company had a return on equity of 20.45% and a net margin of 9.41%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period last year, the company earned $1.43 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Raytheon Company will post $7.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 3rd. Shareholders of record on Wednesday, July 5th will be paid a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, June 30th. Raytheon Company’s payout ratio is 41.16%.
Several analysts recently weighed in on the company. Cowen and Company increased their target price on Raytheon Company from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, March 7th. Credit Suisse Group restated a “buy” rating and set a $170.00 target price on shares of Raytheon Company in a research note on Friday, March 31st. Jefferies Group LLC restated a “buy” rating on shares of Raytheon Company in a research note on Monday, February 27th. Zacks Investment Research downgraded Raytheon Company from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Finally, Vetr upgraded Raytheon Company from a “hold” rating to a “buy” rating and set a $170.66 target price for the company in a research note on Thursday, June 1st. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $167.82.
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In other Raytheon Company news, VP Anthony F. O’brien sold 1,275 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $152.29, for a total value of $194,169.75. Following the sale, the vice president now directly owns 17,900 shares of the company’s stock, valued at approximately $2,725,991. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Thomas A. Kennedy sold 10,703 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $162.05, for a total value of $1,734,421.15. Following the completion of the sale, the chairman now directly owns 61,671 shares in the company, valued at $9,993,785.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,437 shares of company stock worth $4,027,117. 0.19% of the stock is owned by corporate insiders.
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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