Erste Group Bank Brokers Increase Earnings Estimates for RTX

RTX Corporation (NYSE:RTX) – Erste Group Bank increased their FY2026 earnings per share estimates for shares of RTX in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $7.30 per share for the year, up from their prior estimate of $7.25. The consensus estimate for RTX’s current full-year earnings is $7.72 per share. Erste Group Bank also issued estimates for RTX’s FY2027 earnings at $7.90 EPS.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. During the same quarter last year, the business posted $1.70 earnings per share. RTX’s revenue was up 11.1% compared to the same quarter last year.

A number of other equities research analysts also recently commented on RTX. Deutsche Bank Aktiengesellschaft downgraded shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price target for the company. in a report on Tuesday, October 13th. TD Cowen lowered their target price on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Barclays boosted their price target on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $240.00 price objective (up from $220.00) on shares of RTX in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.12.

RTX Trading Up 1.5%

RTX stock opened at $194.49 on Friday. RTX has a 52 week low of $166.74 and a 52 week high of $226.88. The stock has a market cap of $262.45 billion, a PE ratio of 31.57, a P/E/G ratio of 2.31 and a beta of 0.31. The stock has a 50-day moving average price of $197.32 and a 200 day moving average price of $193.64. The company has a current ratio of 1.05, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total value of $488,092.50. Following the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of large investors have recently modified their holdings of RTX. Evergreen Advisors LLC acquired a new position in shares of RTX during the 1st quarter valued at $31,000. Signature Resources Capital Management LLC boosted its position in RTX by 111.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 184 shares of the company’s stock worth $36,000 after purchasing an additional 97 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in RTX in the 2nd quarter valued at $36,000. Networth Advisors LLC acquired a new stake in RTX in the 1st quarter valued at $40,000. Finally, Groupe la Francaise increased its holdings in RTX by 50.9% in the 2nd quarter. Groupe la Francaise now owns 261 shares of the company’s stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Strong Q3 results and raised outlook: RTX reported adjusted earnings of $2.26 per share, well above the $1.78 consensus estimate, while revenue increased 11.1% year over year to $24.97 billion. The company raised fiscal 2026 guidance to $7.65–$7.75 in adjusted EPS and $97.0–$97.5 billion in revenue, above analyst expectations. RTX Q3 Earnings Call Highlights Defense Backlog and Higher 2026 Outlook
• Positive Sentiment: Record backlog supports long-term visibility: Management highlighted a record $340 billion backlog, robust aircraft aftermarket demand, and expanding defense production. Investors are also encouraged by margin expansion, stronger cash flow, and improving prospects for Pratt & Whitney and missile programs. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: New defense award: Raytheon secured a $350 million modification to a U.S. Air Force contract, adding near-term bookings and reinforcing demand for RTX’s defense portfolio. RTX’s Raytheon Secures $350 Million US Air Force Contract Modification
• Neutral Sentiment: Collins Aerospace introduced radio-altimeter upgrades designed to meet new FAA standards and resist 5G interference. The offering may support aftermarket sales, although the immediate financial impact was not disclosed. RTX’s Collins Aerospace Announces Radio Altimeter Upgrades
• Negative Sentiment: Despite stronger earnings, investors may remain focused on margin pressures and the company’s decision to pause share buybacks. At a valuation near 31.6 times earnings, further upside may depend on continued execution and delivery of the improved guidance.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.