FY2027 Earnings Forecast for RTX Issued By Erste Group Bank

RTX Corporation (NYSE:RTX) – Stock analysts at Erste Group Bank upped their FY2027 earnings per share estimates for shares of RTX in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings per share of $7.87 for the year, up from their prior estimate of $7.85. The consensus estimate for RTX’s current full-year earnings is $7.22 per share.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%. RTX’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS.

A number of other equities research analysts have also weighed in on the stock. Sanford C. Bernstein lowered their price objective on shares of RTX from $232.00 to $223.00 and set a “market perform” rating for the company in a report on Wednesday, September 23rd. Weiss Ratings raised shares of RTX from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. TD Cowen reduced their target price on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. DA Davidson lifted their target price on shares of RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Barclays initiated coverage on shares of RTX in a research note on Friday. They issued an “overweight” rating and a $223.00 price target for the company. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $227.75.

RTX Stock Up 0.3%

Shares of NYSE RTX opened at $186.56 on Tuesday. RTX has a one year low of $155.64 and a one year high of $226.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The firm’s 50 day simple moving average is $202.41 and its two-hundred day simple moving average is $193.80. The stock has a market capitalization of $251.43 billion, a P/E ratio of 32.84, a PEG ratio of 2.40 and a beta of 0.31.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the sale, the vice president owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,222 shares of company stock valued at $6,362,003 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in RTX during the 2nd quarter valued at about $20,970,571,000. Auto Owners Insurance Co lifted its holdings in RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after buying an additional 10,062,269 shares during the period. Bank of New York Mellon Corp purchased a new stake in RTX in the 2nd quarter worth approximately $1,456,256,000. Legal & General Group Plc bought a new stake in shares of RTX in the 2nd quarter worth approximately $1,267,256,000. Finally, Deutsche Bank AG bought a new stake in shares of RTX in the 2nd quarter worth approximately $725,900,000. 86.50% of the stock is currently owned by institutional investors.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, completed three tests of its Coyote Block 2C+RM interceptor upgrades in just 15 months. The progress supports RTX’s efforts to address growing demand for counter-drone systems, although the company funded the development and no contract value was disclosed. RTX’s Raytheon completes three successful tests of new Coyote upgrades
• Positive Sentiment: Raytheon received an Office of Naval Research contract to develop software that improves naval-radar detection range, sensitivity and efficiency. The multiyear work, expected to continue through 2031, adds to RTX’s defense technology pipeline, though financial terms were not provided. RTX’s Raytheon to advance target-detection capabilities for naval radars
• Positive Sentiment: RTX is expected to report earnings Tuesday. Investors will be watching whether the company can sustain its recent momentum after reporting quarterly EPS of $1.89 versus the $1.66 consensus estimate and revenue growth of 14.5% year over year. RTX expected to announce earnings
• Neutral Sentiment: Barclays initiated research coverage of RTX. The item may increase analyst attention, but the available report does not specify the firm’s rating or price target. RTX research coverage started at Barclays
• Neutral Sentiment: Most of the remaining headlines concern NVIDIA’s GeForce RTX graphics cards, not RTX Corporation. They therefore have no direct read-through for RTX’s aerospace and defense business or its stock.

About RTX

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and supplies technologies for commercial aviation, business aviation, military operations and space applications. The company serves customers including aircraft manufacturers, airlines, governments and armed forces worldwide.

RTX operates through three principal business segments: Collins Aerospace, which provides aerospace systems, avionics, interiors, landing systems and other aircraft equipment; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance and services; and Raytheon, which develops integrated air and missile defense systems, precision weapons, radars, sensors, command-and-control technologies and other defense solutions.

The company was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation, although its businesses trace their histories to earlier aerospace and technology companies, including Pratt & Whitney and Collins Aerospace predecessor organizations.