Equities analysts forecast that Raytheon (NYSE:RTN) will announce sales of $6.83 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Raytheon’s earnings. The highest sales estimate is $6.92 billion and the lowest is $6.77 billion. Raytheon reported sales of $6.24 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The company is expected to announce its next earnings results before the market opens on Thursday, January 25th.

According to Zacks, analysts expect that Raytheon will report full year sales of $6.83 billion for the current fiscal year, with estimates ranging from $25.34 billion to $25.51 billion. For the next fiscal year, analysts forecast that the business will report sales of $26.65 billion per share, with estimates ranging from $26.43 billion to $26.85 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Raytheon.

Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.07. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The company had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the previous year, the company earned $1.79 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Wells Fargo & Co reissued an “outperform” rating and set a $215.00 price objective (up from $202.00) on shares of Raytheon in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $217.00 price target for the company in a research report on Friday, January 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $210.00 price target on shares of Raytheon in a research report on Tuesday, January 9th. ValuEngine raised shares of Raytheon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. cut shares of Raytheon from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $204.12.

Shares of Raytheon (NYSE:RTN) traded up $0.97 during midday trading on Thursday, hitting $196.68. 1,226,221 shares of the stock traded hands, compared to its average volume of 1,230,000. Raytheon has a one year low of $141.28 and a one year high of $199.75. The stock has a market cap of $56,860.00, a PE ratio of 26.47, a PEG ratio of 2.68 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 declared that its Board of Directors has approved a share repurchase program on Wednesday, November 15th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed 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. The ex-dividend date is Tuesday, January 2nd. This represents a $3.19 dividend on an annualized basis and a yield of 1.62%. Raytheon’s dividend payout ratio is currently 42.93%.

In other Raytheon news, Director Stephen J. Hadley sold 800 shares of the business’s stock in a transaction 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 transaction, the director now owns 11,360 shares in the company, valued at approximately $2,161,467.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Frank R. Jimenez sold 175 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $189.13, for a total transaction of $33,097.75. Following the completion of the transaction, the vice president now owns 28,311 shares in the company, valued at approximately $5,354,459.43. The disclosure for this sale can be found here. Insiders sold a total of 1,895 shares of company stock worth $357,215 in the last quarter. 0.19% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. TCI Wealth Advisors Inc. lifted its holdings in Raytheon by 0.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,048 shares of the aerospace company’s stock worth $331,000 after buying an additional 17 shares in the last quarter. Omnia Family Wealth LLC raised its stake in shares of Raytheon by 2.3% in the 2nd quarter. Omnia Family Wealth LLC now owns 1,326 shares of the aerospace company’s stock valued at $215,000 after purchasing an additional 30 shares in the last quarter. Courier Capital LLC raised its stake in shares of Raytheon by 1.1% in the 2nd quarter. Courier Capital LLC now owns 2,772 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 30 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Raytheon by 1.8% in the 2nd quarter. Linscomb & Williams Inc. now owns 1,734 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 30 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its stake in shares of Raytheon by 1.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,722 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 73.26% of the company’s stock.

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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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