Raytheon Company (NYSE:RTN) – Investment analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of Raytheon Company in a report released on Thursday. Jefferies Group analyst H. Rubel forecasts that the firm will earn $9.75 per share for the year.

Raytheon Company (NYSE:RTN) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.15. Raytheon Company had a net margin of 9.26% and a return on equity of 19.98%. The company earned $6 billion during the quarter, compared to the consensus estimate of $6.04 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis.

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RTN has been the topic of several other research reports. Vetr upgraded shares of Raytheon Company from a “buy” rating to a “strong-buy” rating and set a $164.50 price objective on the stock in a report on Thursday. RBC Capital Markets assumed coverage on shares of Raytheon Company in a report on Thursday. They set an “outperform” rating and a $180.00 price objective on the stock. Royal Bank Of Canada assumed coverage on shares of Raytheon Company in a report on Thursday. They set an “outperform” rating and a $180.00 price objective on the stock. Deutsche Bank AG upped their price objective on shares of Raytheon Company from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, December 5th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Raytheon Company in a report on Monday, November 14th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $155.76.

Shares of Raytheon Company (NYSE:RTN) traded up 0.24% on Friday, hitting $145.99. 1,143,469 shares of the stock were exchanged. Raytheon Company has a 1-year low of $115.73 and a 1-year high of $152.58. The stock has a market cap of $42.87 billion, a price-to-earnings ratio of 19.49 and a beta of 0.64. The stock’s 50-day moving average is $145.79 and its 200-day moving average is $140.77.

A number of institutional investors have recently modified their holdings of RTN. Nisa Investment Advisors LLC raised its position in shares of Raytheon Company by 16.3% in the second quarter. Nisa Investment Advisors LLC now owns 117,944 shares of the company’s stock worth $16,034,000 after buying an additional 16,572 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Raytheon Company by 96.8% in the second quarter. LS Investment Advisors LLC now owns 16,076 shares of the company’s stock worth $2,186,000 after buying an additional 7,906 shares in the last quarter. Meyer Handelman Co. raised its position in shares of Raytheon Company by 90.9% in the second quarter. Meyer Handelman Co. now owns 6,300 shares of the company’s stock worth $856,000 after buying an additional 3,000 shares in the last quarter. CIBC World Markets Inc. raised its position in shares of Raytheon Company by 13.2% in the second quarter. CIBC World Markets Inc. now owns 129,172 shares of the company’s stock worth $17,561,000 after buying an additional 15,076 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Raytheon Company by 6.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 302,010 shares of the company’s stock worth $41,059,000 after buying an additional 18,074 shares in the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 2nd. Shareholders of record on Wednesday, January 4th will be given a dividend of $0.7325 per share. The ex-dividend date is Friday, December 30th. This represents a $2.93 dividend on an annualized basis and a yield of 2.01%. Raytheon Company’s dividend payout ratio is presently 39.12%.

About Raytheon Company

Raytheon Company (Raytheon), together with its subsidiaries, is a technology company. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.

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