Raytheon (RTN) Earning Somewhat Positive News Coverage, Analysis Finds

News coverage about Raytheon (NYSE:RTN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Raytheon earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 45.9803838221254 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Raytheon (RTN) traded up $0.97 during midday trading on Friday, hitting $196.68. 1,226,221 shares of the company traded hands, compared to its average volume of 1,230,000. Raytheon has a one year low of $141.28 and a one year high of $199.75. 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 stock has a market capitalization of $56,860.00, a PE ratio of 26.47, a P/E/G ratio of 2.66 and a beta of 0.58.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be given a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, January 2nd. Raytheon’s dividend payout ratio is currently 42.93%.

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

RTN has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $215.00 price objective (up from $192.00) on shares of Raytheon in a research note on Monday, October 9th. Bank of America set a $220.00 price objective on shares of Raytheon and gave the company a “buy” rating in a research note on Friday, October 27th. Royal Bank of Canada set a $225.00 price objective on shares of Raytheon and gave the company a “buy” rating in a research note on Thursday, November 16th. Buckingham Research upped their price objective on shares of Raytheon from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, Wells Fargo & Co lowered their price objective 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. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Raytheon presently has an average rating of “Buy” and a consensus price target of $204.12.

In related news, VP Frank R. Jimenez sold 175 shares of the business’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $189.13, for a total transaction of $33,097.75. Following the transaction, the vice president now owns 28,311 shares in the company, valued at $5,354,459.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Hadley sold 800 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $190.27, for a total transaction of $152,216.00. Following the transaction, the director now owns 11,360 shares in the company, valued at approximately $2,161,467.20. The disclosure for this sale can be found here. Insiders have sold 1,895 shares of company stock worth $357,215 in the last quarter. 0.19% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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