Raytheon Company (NYSE:RTN) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $1.90 per share for the quarter. Raytheon has set its FY17 guidance at $7.35-7.50 EPS.

Raytheon (NYSE:RTN) last posted its earnings results on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. Raytheon had a net margin of 8.68% and a return on equity of 20.74%. Raytheon’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 earnings per share. On average, analysts expect Raytheon to post $7.59 EPS for the current fiscal year and $8.48 EPS for the next fiscal year.

Shares of Raytheon Company (NYSE:RTN) opened at 187.23 on Thursday. Raytheon Company has a 12-month low of $132.89 and a 12-month high of $189.64. The stock has a market capitalization of $54.34 billion, a price-to-earnings ratio of 25.86 and a beta of 0.59. The stock’s 50 day moving average is $184.82 and its 200-day moving average is $169.25.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th will be given a $0.7975 dividend. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $3.19 annualized dividend and a yield of 1.70%. Raytheon’s dividend payout ratio (DPR) is 43.94%.

In related news, VP Taylor W. Lawrence sold 3,791 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $182.09, for a total transaction of $690,303.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Beauchamp acquired 1,162 shares of Raytheon stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of $171.99 per share, with a total value of $199,852.38. Following the purchase, the director now owns 4,303 shares in the company, valued at $740,072.97. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 5,770 shares of company stock valued at $1,052,376. 0.19% of the stock is currently owned by company insiders.

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Several research firms have issued reports on RTN. Royal Bank Of Canada reissued a “buy” rating and issued a $209.00 price objective on shares of Raytheon in a research report on Tuesday, October 10th. Citigroup Inc. reissued a “buy” rating and issued a $215.00 price objective (up from $192.00) on shares of Raytheon in a research report on Monday, October 9th. ValuEngine cut shares of Raytheon from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $190.00 price objective on shares of Raytheon in a research report on Friday, September 29th. Finally, Deutsche Bank AG raised shares of Raytheon from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $210.00 in a research report on Friday, September 29th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $193.19.

About Raytheon

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.

Earnings History for Raytheon (NYSE:RTN)

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