Raytheon (NYSE:RTN) Expected to Announce Earnings of $3.12 Per Share

Equities research analysts forecast that Raytheon (NYSE:RTN) will post $3.12 earnings per share for the current fiscal 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 per share of $2.93 in the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The company is expected to announce its next quarterly earnings report on Thursday, January 30th.

According to Zacks, analysts expect that Raytheon will report full-year earnings of $11.84 per share for the current year, with EPS estimates ranging from $11.70 to $12.00. For the next 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’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Raytheon.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, October 24th. The aerospace company reported $3.08 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the business earned $2.25 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year.

A number of research firms have recently commented on RTN. Sanford C. Bernstein raised their price target on Raytheon from $212.00 to $225.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. Barclays set a $215.00 price target on Raytheon and gave the stock a “hold” rating in a research report on Tuesday, October 8th. ValuEngine raised Raytheon from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group set a $230.00 price target on Raytheon and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America reaffirmed a “buy” rating and set a $265.00 price target (up previously from $224.00) on shares of Raytheon in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Raytheon currently has an average rating of “Buy” and a consensus target price of $217.94.

Shares of NYSE RTN traded up $0.88 during mid-day trading on Tuesday, reaching $216.88. 828,326 shares of the company’s stock were exchanged, compared to its average volume of 1,887,289. The firm has a market capitalization of $60.11 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.71 and a beta of 0.89. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $203.99 and a 200 day simple moving average of $187.27. Raytheon has a twelve month low of $144.27 and a twelve month high of $218.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Wednesday, October 9th were given a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, October 8th. Raytheon’s dividend payout ratio is presently 35.53%.

In related news, VP Frank R. Jimenez sold 1,054 shares of Raytheon 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 sale, the vice president now owns 25,863 shares of the company’s stock, valued at approximately $4,655,340. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Randa G. Newsome sold 4,300 shares of Raytheon stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $199.10, for a total value of $856,130.00. Following the completion of the sale, the vice president now directly owns 18,281 shares in the company, valued at approximately $3,639,747.10. The disclosure for this sale can be found here. In the last three months, insiders sold 10,769 shares of company stock worth $2,120,750. 0.18% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of 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 purchasing an additional 121 shares during the last quarter. First Allied Advisory Services Inc. increased its position in shares of Raytheon by 2.6% during the 3rd quarter. First Allied Advisory Services Inc. now owns 16,856 shares of the aerospace company’s stock worth $3,322,000 after purchasing an additional 420 shares during the last quarter. Lyell Wealth Management LP increased its position in shares of Raytheon by 9.1% during the 3rd quarter. Lyell Wealth Management LP now owns 21,598 shares of the aerospace company’s stock worth $4,237,000 after purchasing an additional 1,797 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Raytheon by 17.8% during the 3rd quarter. Cetera Advisors LLC now owns 12,114 shares of the aerospace company’s stock worth $2,380,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its position in shares of Raytheon by 3.8% during the 3rd quarter. Cetera Advisor Networks LLC now owns 7,668 shares of the aerospace company’s stock worth $1,513,000 after purchasing an additional 282 shares during the last quarter. 72.46% of the stock is currently owned by institutional investors and hedge funds.

Raytheon Company Profile

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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