Raytheon (RTN) Releases FY19 Earnings Guidance

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Raytheon (NYSE:RTN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $11.40-11.60 for the period, compared to the Thomson Reuters consensus estimate of $11.63. The company issued revenue guidance of $28.6-29.1 billion, compared to the consensus revenue estimate of $28.86 billion.Raytheon also updated its FY 2019 guidance to $11.40-11.60 EPS.

Shares of RTN opened at $176.87 on Thursday. The firm has a market cap of $52.94 billion, a PE ratio of 16.67, a P/E/G ratio of 1.43 and a beta of 0.99. Raytheon has a 12-month low of $144.27 and a 12-month high of $218.68. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.41.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, April 25th. The aerospace company reported $2.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.45 by $0.32. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.58 billion. Raytheon had a net margin of 10.75% and a return on equity of 25.81%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 earnings per share. Analysts predict that Raytheon will post 11.59 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.9425 per share. This is a positive change from Raytheon’s previous quarterly dividend of $0.87. This represents a $3.77 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Tuesday, April 9th. Raytheon’s payout ratio is currently 35.53%.

Several research firms recently weighed in on RTN. Zacks Investment Research upgraded Raytheon from a hold rating to a buy rating and set a $205.00 price objective for the company in a report on Wednesday, April 17th. UBS Group downgraded Raytheon from a buy rating to a neutral rating and decreased their price objective for the company from $220.00 to $200.00 in a report on Wednesday, April 3rd. Citigroup decreased their price objective on Raytheon from $230.00 to $208.00 and set a buy rating for the company in a report on Monday, January 14th. ValuEngine upgraded Raytheon from a sell rating to a hold rating in a report on Thursday, January 24th. Finally, Alembic Global Advisors upgraded Raytheon from a neutral rating to an overweight rating and set a $214.00 price objective for the company in a report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. Raytheon currently has an average rating of Buy and an average price target of $210.33.

In other Raytheon news, VP Frank R. Jimenez sold 4,094 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $183.89, for a total value of $752,845.66. Following the completion of the transaction, the vice president now directly owns 36,964 shares in the company, valued at $6,797,309.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Wood sold 427 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $177.58, for a total transaction of $75,826.66. Following the completion of the transaction, the vice president now owns 13,165 shares of the company’s stock, valued at $2,337,840.70. The disclosure for this sale can be found here. Insiders sold 21,657 shares of company stock valued at $3,940,619 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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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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Earnings History and Estimates for Raytheon (NYSE:RTN)

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