Wall Street analysts forecast that Raytheon (NYSE:RTN) will report earnings per share (EPS) of $2.03 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Raytheon’s earnings, with estimates ranging from $1.89 to $2.77. Raytheon posted earnings per share of $1.97 in the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The business is expected to report its next earnings results on Thursday, October 25th.
On average, analysts expect that Raytheon will report full year earnings of $9.93 per share for the current fiscal year, with EPS estimates ranging from $9.78 to $10.00. For the next financial year, analysts expect that the company will report earnings of $11.60 per share, with EPS estimates ranging from $11.15 to $11.95. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Raytheon.
Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.78 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.46. The firm had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.51 billion. Raytheon had a net margin of 9.24% and a return on equity of 24.01%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.98 earnings per share.
NYSE:RTN traded up $2.33 during mid-day trading on Thursday, reaching $203.16. The stock had a trading volume of 1,101,744 shares, compared to its average volume of 1,216,370. The company has a quick ratio of 1.51, a current ratio of 1.61 and a debt-to-equity ratio of 0.45. The company has a market cap of $56.58 billion, a P/E ratio of 26.66, a PEG ratio of 1.52 and a beta of 0.68. Raytheon has a twelve month low of $179.29 and a twelve month high of $229.75.
In other news, VP Taylor W. Lawrence sold 3,299 shares of the firm’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 transaction of $657,853.59. Following the completion of the transaction, the vice president now directly 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 SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RTN. Squar Milner Financial Services LLC purchased a new stake in Raytheon in the 2nd quarter worth approximately $100,000. Rainier Group Investment Advisory LLC purchased a new stake in Raytheon in the 1st quarter worth approximately $103,000. Clarus Wealth Advisors purchased a new stake in Raytheon in the 2nd quarter worth approximately $113,000. Fort L.P. purchased a new stake in Raytheon in the 2nd quarter worth approximately $117,000. Finally, Mainstay Capital Management LLC ADV grew its stake in Raytheon by 19,218.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 25,307 shares of the aerospace company’s stock worth $131,000 after acquiring an additional 25,176 shares during the period. 73.28% of the stock is owned by institutional investors and hedge funds.
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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