Raytheon (RTN) Getting Somewhat Favorable News Coverage, Report Finds
News headlines about Raytheon (NYSE:RTN) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Raytheon earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 45.7152632920036 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Raytheon (RTN) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Research Analysts Offer Predictions for Raytheon’s FY2019 Earnings (RTN) (americanbankingnews.com)
- D13 teams up with Raytheon (news.com.au)
- Raytheon Shows Rising Relative Strength; Still Shy Of Key Benchmark (finance.yahoo.com)
- Navy awards Raytheon with $27M contract for SM-2 missiles (upi.com)
A number of research firms recently commented on RTN. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $217.00 target price for the company in a report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $210.00 target price on shares of Raytheon in a report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $212.00 target price on shares of Raytheon in a report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “buy” rating and set a $209.00 target price on shares of Raytheon in a report on Tuesday, October 10th. Finally, ValuEngine raised Raytheon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $203.36.
Shares of Raytheon (NYSE:RTN) traded up $4.11 during trading hours on Friday, reaching $197.46. The company’s stock had a trading volume of 1,491,498 shares, compared to its average volume of 1,383,311. Raytheon has a one year low of $141.28 and a one year high of $198.07. The firm has a market capitalization of $57,080.00, a P/E ratio of 26.58, a PEG ratio of 2.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.07. Raytheon had a return on equity of 20.98% and a net margin of 8.77%. The company had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Raytheon’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts anticipate that Raytheon will post 7.61 EPS for the current year.
Raytheon declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 15th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 3rd will be issued a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, January 2nd. Raytheon’s payout ratio is presently 42.93%.
In other Raytheon news, VP Frank R. Jimenez sold 175 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $189.13, for a total value of $33,097.75. Following the completion of the transaction, the vice president now directly owns 28,311 shares of the company’s stock, valued at $5,354,459.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Hadley sold 800 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $190.27, for a total value of $152,216.00. Following the completion of the transaction, the director now directly owns 11,360 shares of the company’s stock, valued at $2,161,467.20. The disclosure for this sale can be found here. Insiders sold 1,895 shares of company stock valued at $357,215 over the last three months. 0.19% of the stock is currently owned by corporate insiders.
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Raytheon Company Profile
Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.
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