$3.12 EPS Expected for Raytheon (NYSE:RTN) This Quarter

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Brokerages expect that Raytheon (NYSE:RTN) will post $3.12 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Raytheon’s earnings, with the highest EPS estimate coming in at $3.24 and the lowest estimate coming in at $2.98. Raytheon posted earnings of $2.93 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 30th.

According to Zacks, analysts expect that Raytheon will report full year earnings of $11.84 per share for the current financial year, with EPS estimates ranging from $11.70 to $12.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $12.91 per share, with EPS estimates ranging from $12.20 to $13.45. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Raytheon.

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $3.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.86 by $0.22. Raytheon had a return on equity of 27.23% and a net margin of 11.47%. The company had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.

Several research analysts have issued reports on RTN shares. ValuEngine upgraded Raytheon from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group set a $230.00 target price on Raytheon and gave the company a “hold” rating in a research report on Friday, October 25th. Peel Hunt restated a “hold” rating on shares of Raytheon in a research report on Monday, November 11th. JPMorgan Chase & Co. set a $240.00 target price on Raytheon and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays set a $215.00 target price on Raytheon and gave the company a “hold” rating in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $217.76.

In related news, VP Frank R. Jimenez sold 1,054 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $180.00, for a total value of $189,720.00. Following the completion of the sale, the vice president now owns 25,863 shares in the company, valued at $4,655,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Wesley D. Kremer sold 2,915 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value of $583,000.00. Following the completion of the sale, the vice president now owns 26,260 shares of the company’s stock, valued at approximately $5,252,000. The disclosure for this sale can be found here. Insiders sold 10,769 shares of company stock valued at $2,120,750 in the last quarter. 0.18% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in Raytheon by 5.0% during the 3rd quarter. Cetera Investment Advisers now owns 2,536 shares of the aerospace company’s stock worth $499,000 after acquiring an additional 121 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in Raytheon by 2.6% in the third quarter. First Allied Advisory Services Inc. now owns 16,856 shares of the aerospace company’s stock valued at $3,322,000 after purchasing an additional 420 shares during the last quarter. Lyell Wealth Management LP boosted its holdings in Raytheon by 9.1% in the third quarter. Lyell Wealth Management LP now owns 21,598 shares of the aerospace company’s stock valued at $4,237,000 after purchasing an additional 1,797 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Raytheon by 17.8% in the third quarter. Cetera Advisors LLC now owns 12,114 shares of the aerospace company’s stock valued at $2,380,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in Raytheon by 3.8% in the third quarter. Cetera Advisor Networks LLC now owns 7,668 shares of the aerospace company’s stock valued at $1,513,000 after purchasing an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Shares of NYSE:RTN traded up $2.18 during trading hours on Tuesday, hitting $218.88. 1,196,643 shares of the company’s stock traded hands, compared to its average volume of 1,552,638. Raytheon has a 1 year low of $144.27 and a 1 year high of $220.03. The business has a fifty day moving average price of $205.21 and a 200-day moving average price of $187.82. The firm has a market capitalization of $60.35 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.54 and a quick ratio of 1.44.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 8th will be issued a $0.9425 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $3.77 dividend on an annualized basis and a dividend yield of 1.72%. Raytheon’s payout ratio is 35.53%.

About Raytheon

Raytheon Company develops integrated products, services, and solutions for the 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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Earnings History and Estimates for Raytheon (NYSE:RTN)

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