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.
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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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