Wall Street brokerages predict that Raytheon (NYSE:RTN) will announce earnings of $2.48 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Raytheon’s earnings. The lowest EPS estimate is $2.40 and the highest is $2.58. Raytheon posted earnings per share of $2.20 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is scheduled to announce its next earnings report on Thursday, April 25th.

On average, analysts expect that Raytheon will report full-year earnings of $11.56 per share for the current fiscal year, with EPS estimates ranging from $11.24 to $11.65. For the next fiscal year, analysts forecast that the business will post earnings of $13.16 per share, with EPS estimates ranging from $12.65 to $13.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Raytheon.

Raytheon (NYSE:RTN) last issued its earnings results on Thursday, January 31st. The aerospace company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.04. Raytheon had a return on equity of 25.81% and a net margin of 10.75%. The company had revenue of $7.36 billion for the quarter, compared to analyst estimates of $7.50 billion. During the same period in the prior year, the firm posted $2.03 EPS.

RTN has been the topic of several research reports. Argus reaffirmed a “buy” rating and issued a $200.00 target price on shares of Raytheon in a research report on Friday, February 1st. Citigroup dropped their target price on Raytheon from $230.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Bank of America dropped their target price on Raytheon from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Barclays dropped their target price on Raytheon from $239.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 4th. Finally, ValuEngine raised Raytheon from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. Raytheon has an average rating of “Buy” and a consensus target price of $217.31.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Lyons Wealth Management LLC. acquired a new position in shares of Raytheon during the 4th quarter valued at about $453,000. Riverview Trust Co bought a new stake in Raytheon during the 4th quarter valued at approximately $48,000. Paradigm Financial Partners LLC bought a new stake in Raytheon during the 4th quarter valued at approximately $1,192,000. Mn Services Vermogensbeheer B.V. boosted its stake in Raytheon by 6.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 48,419 shares of the aerospace company’s stock valued at $6,495,000 after purchasing an additional 2,800 shares during the period. Finally, Dimension Capital Management LLC boosted its stake in Raytheon by 6.1% during the 4th quarter. Dimension Capital Management LLC now owns 1,840 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 106 shares during the period. 77.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of RTN stock opened at $177.83 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.41. Raytheon has a fifty-two week low of $144.27 and a fifty-two week high of $229.75. The stock has a market capitalization of $50.06 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.34 and a beta of 0.95.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd were issued a dividend of $0.8675 per share. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, December 31st. Raytheon’s dividend payout ratio is 32.70%.

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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