Raytheon Company (NYSE:RTN) – Stock analysts at Jefferies Group dropped their Q3 2017 EPS estimates for shares of Raytheon in a note issued to investors on Thursday. Jefferies Group analyst H. Rubel now anticipates that the aerospace company will post earnings per share of $1.88 for the quarter, down from their prior estimate of $1.90. Jefferies Group currently has a “Buy” rating and a $172.00 target price on the stock. Jefferies Group also issued estimates for Raytheon’s Q4 2017 earnings at $2.04 EPS and FY2018 earnings at $8.40 EPS.
Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. Raytheon’s revenue was up 4.2% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “Raytheon Company (RTN) Forecasted to Earn Q3 2017 Earnings of $1.88 Per Share” was first reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/19/raytheon-company-rtn-forecasted-to-earn-q3-2017-earnings-of-1-88-per-share-updated-updated.html.
RTN has been the topic of several other research reports. Cowen and Company reissued a “buy” rating and set a $170.00 target price on shares of Raytheon in a research note on Monday, April 10th. Vetr downgraded Raytheon from a “buy” rating to a “hold” rating and set a $166.27 target price on the stock. in a research note on Tuesday, May 9th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Monday, May 1st. Royal Bank Of Canada reissued a “buy” rating and set a $181.00 target price on shares of Raytheon in a research note on Friday, June 2nd. Finally, Deutsche Bank AG lifted their target price on Raytheon from $156.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Raytheon has a consensus rating of “Buy” and an average price target of $172.14.
Raytheon (NYSE RTN) opened at 171.77 on Monday. Raytheon has a one year low of $132.89 and a one year high of $173.95. The stock’s 50 day moving average price is $165.29 and its 200 day moving average price is $156.87. The stock has a market cap of $49.86 billion, a price-to-earnings ratio of 23.73 and a beta of 0.58.
Institutional investors have recently bought and sold shares of the stock. Financial Architects Inc boosted its position in Raytheon by 0.5% in the first quarter. Financial Architects Inc now owns 1,305 shares of the aerospace company’s stock worth $199,000 after buying an additional 7 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Raytheon by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,132 shares of the aerospace company’s stock worth $173,000 after buying an additional 7 shares during the last quarter. Cordasco Financial Network boosted its position in Raytheon by 0.5% in the first quarter. Cordasco Financial Network now owns 2,110 shares of the aerospace company’s stock worth $322,000 after buying an additional 10 shares during the last quarter. HM Capital Management LLC boosted its position in Raytheon by 0.5% in the first quarter. HM Capital Management LLC now owns 2,015 shares of the aerospace company’s stock worth $307,000 after buying an additional 10 shares during the last quarter. Finally, Founders Capital Management LLC boosted its position in Raytheon by 0.5% in the first quarter. Founders Capital Management LLC now owns 2,327 shares of the aerospace company’s stock worth $355,000 after buying an additional 12 shares during the last quarter. Institutional investors own 74.83% of the company’s stock.
In related news, VP Taylor W. Lawrence sold 2,756 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $162.04, for a total transaction of $446,582.24. Following the completion of the transaction, the vice president now owns 53,285 shares in the company, valued at approximately $8,634,301.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Wesley D. Kremer sold 1,010 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $163.10, for a total value of $164,731.00. Following the transaction, the vice president now owns 23,136 shares of the company’s stock, valued at approximately $3,773,481.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,911 shares of company stock valued at $2,580,752. 0.19% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 3rd. Investors of record on Wednesday, July 5th will be issued a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, June 30th. Raytheon’s payout ratio is currently 43.94%.
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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