Equities analysts expect that Raytheon Company (NYSE:RTN) will post $6.83 billion in sales for the current quarter, Zacks reports. Five analysts have made estimates for Raytheon’s earnings. The highest sales estimate is $6.92 billion and the lowest is $6.77 billion. Raytheon reported sales of $6.24 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The firm is expected to issue its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Raytheon will report full year sales of $6.83 billion for the current year, with estimates ranging from $25.34 billion to $25.51 billion. For the next fiscal year, analysts expect that the company will post sales of $26.64 billion per share, with estimates ranging from $26.43 billion to $26.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Raytheon.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.07. The business had revenue of $6.28 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS.

RTN has been the topic of a number of analyst reports. Royal Bank of Canada set a $193.00 price target on Raytheon and gave the stock a “buy” rating in a research note on Monday, August 28th. BidaskClub cut Raytheon from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a research note on Thursday, September 14th. ValuEngine raised Raytheon from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $190.00 price target on shares of Raytheon in a research note on Friday, September 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $201.77.

In related news, VP Frank R. Jimenez sold 650 shares of Raytheon stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $187.27, for a total transaction of $121,725.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen J. Hadley sold 800 shares of Raytheon stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $190.27, for a total value of $152,216.00. Following the sale, the director now owns 11,360 shares in the company, valued at $2,161,467.20. The disclosure for this sale can be found here. Insiders have sold 1,545 shares of company stock worth $291,955 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP boosted its position in shares of Raytheon by 238.8% during the second quarter. OxFORD Asset Management LLP now owns 51,452 shares of the aerospace company’s stock valued at $8,308,000 after purchasing an additional 36,265 shares in the last quarter. National Pension Service boosted its position in shares of Raytheon by 12.1% during the second quarter. National Pension Service now owns 248,655 shares of the aerospace company’s stock valued at $39,892,000 after purchasing an additional 26,830 shares in the last quarter. Abner Herrman & Brock LLC boosted its position in shares of Raytheon by 8.2% during the second quarter. Abner Herrman & Brock LLC now owns 77,617 shares of the aerospace company’s stock valued at $12,534,000 after purchasing an additional 5,866 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Raytheon by 13.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 6,720 shares of the aerospace company’s stock valued at $1,085,000 after purchasing an additional 820 shares in the last quarter. Finally, Appleton Partners Inc. MA boosted its position in shares of Raytheon by 13.7% during the second quarter. Appleton Partners Inc. MA now owns 8,345 shares of the aerospace company’s stock valued at $1,348,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors own 73.53% of the company’s stock.

Raytheon (NYSE:RTN) opened at $188.78 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55. The company has a market capitalization of $54,027.47, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.58. Raytheon has a 12 month low of $141.16 and a 12 month high of $191.36.

Raytheon declared that its board has initiated a stock buyback plan on Wednesday, November 15th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.7975 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $3.19 annualized dividend and a dividend yield of 1.69%. Raytheon’s dividend payout ratio (DPR) is presently 42.88%.

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Raytheon 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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Earnings History and Estimates for Raytheon (NYSE:RTN)

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