Raytheon Company (RTN) Updates FY12 Earnings Guidance
Raytheon Company (RTN) issued an update on its FY12 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.85-5.95 for the period.
Shares of Raytheon Company (RTN) traded up 1.07% during mid-day trading on Thursday, hitting $55.74. Raytheon Company (RTN) has a one year low of $42.00 and a one year high of $58.68. The company has a market cap of $18.507 billion and a P/E ratio of 9.77.
Raytheon Company last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.28 by $0.23. Raytheon Company’s revenue was down 1.2% compared to the same quarter last year.
A number of analysts have recently weighed in on RTN shares. Analysts at Jefferies Group reiterated a buy rating on shares of Raytheon Company in a research note to investors on Friday, October 12th. They now have a $62.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of Raytheon Company in a research note to investors on Monday, October 8th. They now have a $54.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated an overweight rating on shares of Raytheon Company in a research note to investors on Monday, October 1st. They now have a $54.00 price target on the stock.
Raytheon Company, together with its subsidiaries, develops products, services and solutions in defense markets; sensing, effects, command, control, communications and intelligence (C3I), and mission support, as well as the cybersecurity and homeland security markets.
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