Raytheon Company (NYSE:RTN) Updates FY17 Earnings Guidance

Raytheon Company (NYSE:RTN) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $7.45-$7.55 for the period, compared to the Thomson Reuters consensus estimate of $7.58. The company issued revenue guidance of $25.3-$25.6 billion, compared to the consensus revenue estimate of $25.32 billion.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Raytheon from a hold rating to a buy rating and set a $204.00 target price on the stock in a research report on Thursday, September 14th. Sanford C. Bernstein restated an outperform rating and set a $199.00 price target (up previously from $188.00) on shares of Raytheon in a research note on Monday, October 30th. They noted that the move was a valuation call. Vetr lowered shares of Raytheon from a buy rating to a hold rating and set a $187.08 price target for the company. in a research note on Tuesday, August 15th. Wells Fargo & Company reduced their target price on shares of Raytheon from $200.00 to $195.00 and set an outperform rating for the company in a research note on Friday, October 27th. Finally, Buckingham Research upped their target price on shares of Raytheon from $199.00 to $204.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Raytheon has an average rating of Buy and an average price target of $199.24.

Shares of Raytheon Company (NYSE RTN) traded down $0.13 during mid-day trading on Friday, reaching $184.81. The company had a trading volume of 778,279 shares, compared to its average volume of 1,554,441. Raytheon Company has a 12 month low of $137.70 and a 12 month high of $190.25. The stock has a market capitalization of $53,463.75, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.51 and a beta of 0.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.07. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.33 billion. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share. research analysts predict that Raytheon Company will post 7.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Thursday, October 12th were given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, October 11th. Raytheon’s dividend payout ratio is currently 42.88%.

In related news, VP Frank R. Jimenez sold 500 shares of Raytheon stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $181.94, for a total value of $90,970.00. Following the completion of the sale, the vice president now directly owns 29,292 shares in the company, valued at approximately $5,329,386.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Vernon E. Clark sold 829 shares of Raytheon stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $180.19, for a total value of $149,377.51. Following the completion of the sale, the director now owns 7,588 shares of the company’s stock, valued at $1,367,281.72. The disclosure for this sale can be found here. Insiders have sold 5,770 shares of company stock valued at $1,052,376 in the last three months. Insiders own 0.19% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Raytheon Company (NYSE:RTN) Updates FY17 Earnings Guidance” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/11/11/raytheon-company-rtn-releases-fy17-earnings-guidance.html.

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.

Earnings History and Estimates for Raytheon (NYSE:RTN)

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.

Latest News

Leave a Reply