Raytheon Company (RTN) Set to Announce Quarterly Earnings on Thursday
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.
TRADEMARK VIOLATION WARNING: “Raytheon Company (RTN) Set to Announce Quarterly Earnings on Thursday” was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/19/raytheon-company-rtn-set-to-announce-quarterly-earnings-on-thursday.html.
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.
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.
Receive News & Ratings for Raytheon Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Company and related companies with MarketBeat.com's FREE daily email newsletter.