Raytheon (NYSE:RTN) released its earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.28, MarketWatch Earnings reports. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. During the same quarter in the previous year, the company earned $1.97 EPS. Raytheon updated its FY 2018 guidance to $10.01-10.11 EPS.
Raytheon stock opened at $182.08 on Friday. Raytheon has a 1 year low of $165.00 and a 1 year high of $229.75. The stock has a market capitalization of $51.82 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.49 and a quick ratio of 1.37.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 2nd will be given a $0.8675 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $3.47 annualized dividend and a yield of 1.91%. Raytheon’s dividend payout ratio (DPR) is 45.54%.
In other news, VP Taylor W. Lawrence sold 3,299 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $199.41, for a total value of $657,853.59. Following the completion of the sale, the vice president now owns 44,220 shares of the company’s stock, valued at approximately $8,817,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.
Raytheon Company Profile
Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.
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