Equities analysts forecast that Raytheon (NYSE:RTN) will announce $2.08 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Raytheon’s earnings, with the highest EPS estimate coming in at $2.29 and the lowest estimate coming in at $2.00. Raytheon reported earnings per share of $1.73 in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The business is scheduled to announce its next earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Raytheon will report full-year earnings of $9.66 per share for the current fiscal year, with EPS estimates ranging from $9.60 to $9.75. For the next fiscal year, analysts anticipate that the business will report earnings of $11.14 per share, with EPS estimates ranging from $10.75 to $11.68. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Raytheon.
Raytheon (NYSE:RTN) last issued its earnings results on Thursday, January 25th. The aerospace company reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.01. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.81 billion. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share.
RTN stock traded up $4.76 during mid-day trading on Friday, reaching $215.82. The company’s stock had a trading volume of 2,154,356 shares, compared to its average volume of 1,879,278. The company has a market cap of $62,265.37, a P/E ratio of 28.32, a PEG ratio of 2.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.46 and a current ratio of 1.54. Raytheon has a 12 month low of $149.70 and a 12 month high of $222.82.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Wednesday, April 11th will be paid a $0.8675 dividend. This represents a $3.47 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 10th. This is a boost from Raytheon’s previous quarterly dividend of $0.80. Raytheon’s dividend payout ratio (DPR) is 41.86%.
In related news, Chairman Thomas A. Kennedy sold 44,778 shares of Raytheon stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $215.90, for a total transaction of $9,667,570.20. Following the transaction, the chairman now owns 138,339 shares of the company’s stock, valued at $29,867,390.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michael J. Wood sold 523 shares of Raytheon stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $214.30, for a total value of $112,078.90. Following the transaction, the chief accounting officer now directly owns 15,773 shares in the company, valued at approximately $3,380,153.90. The disclosure for this sale can be found here. Insiders sold 94,462 shares of company stock valued at $20,294,971 in the last three months. Insiders own 0.19% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Investment Centers of America Inc. boosted its position in shares of Raytheon by 26.8% during the third quarter. Investment Centers of America Inc. now owns 2,635 shares of the aerospace company’s stock valued at $492,000 after buying an additional 557 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Raytheon during the fourth quarter worth $39,449,000. Marietta Wealth Management LLC lifted its holdings in Raytheon by 7.4% during the third quarter. Marietta Wealth Management LLC now owns 9,730 shares of the aerospace company’s stock worth $1,815,000 after acquiring an additional 667 shares during the period. Independent Advisor Alliance lifted its holdings in Raytheon by 151.1% during the third quarter. Independent Advisor Alliance now owns 4,289 shares of the aerospace company’s stock worth $806,000 after acquiring an additional 2,581 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in Raytheon by 97.5% during the third quarter. Artisan Partners Limited Partnership now owns 131,675 shares of the aerospace company’s stock worth $24,568,000 after acquiring an additional 64,996 shares during the period. 73.43% of the stock is currently owned by institutional investors.
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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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