Analysts expect Raytheon (NYSE:RTN) to announce $2.88 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Raytheon’s earnings, with estimates ranging from $2.82 to $2.93. Raytheon posted earnings of $2.03 per share in the same quarter last year, which suggests a positive year over year growth rate of 41.9%. The company is scheduled to report its next earnings report on Thursday, January 24th.

On average, analysts expect that Raytheon will report full year earnings of $10.10 per share for the current year, with EPS estimates ranging from $10.05 to $10.15. For the next fiscal year, analysts anticipate that the company will report earnings of $11.88 per share, with EPS estimates ranging from $11.65 to $12.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Raytheon.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 25th. The aerospace company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.28. Raytheon had a net margin of 9.33% and a return on equity of 24.43%. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same period in the previous year, the company earned $1.97 earnings per share.

RTN has been the subject of a number of research reports. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $233.00 target price for the company in a report on Wednesday, October 3rd. UBS Group initiated coverage on shares of Raytheon in a report on Wednesday, August 15th. They issued a “buy” rating and a $250.00 target price for the company. Barclays reduced their target price on shares of Raytheon from $239.00 to $195.00 and set an “equal weight” rating for the company in a report on Tuesday. Bank of America reduced their target price on shares of Raytheon from $245.00 to $230.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Wells Fargo & Co reduced their target price on shares of Raytheon from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $227.15.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Raytheon by 0.9% during the third quarter. Vanguard Group Inc. now owns 23,074,017 shares of the aerospace company’s stock worth $4,768,477,000 after acquiring an additional 212,408 shares during the period. BlackRock Inc. increased its stake in shares of Raytheon by 2.9% during the third quarter. BlackRock Inc. now owns 22,549,718 shares of the aerospace company’s stock worth $4,660,126,000 after acquiring an additional 638,922 shares during the period. FMR LLC increased its stake in shares of Raytheon by 3.6% during the second quarter. FMR LLC now owns 8,242,330 shares of the aerospace company’s stock worth $1,592,253,000 after acquiring an additional 283,720 shares during the period. Alliancebernstein L.P. increased its stake in shares of Raytheon by 33.3% during the third quarter. Alliancebernstein L.P. now owns 4,054,014 shares of the aerospace company’s stock worth $837,803,000 after acquiring an additional 1,013,436 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Raytheon by 3.3% during the third quarter. Macquarie Group Ltd. now owns 3,572,420 shares of the aerospace company’s stock worth $738,275,000 after acquiring an additional 113,209 shares during the period. Institutional investors and hedge funds own 73.25% of the company’s stock.

Shares of NYSE:RTN opened at $168.18 on Tuesday. Raytheon has a one year low of $162.31 and a one year high of $229.75. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.49 and a quick ratio of 1.37. The stock has a market capitalization of $47.15 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.81.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.8675 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $3.47 dividend on an annualized basis and a dividend yield of 2.06%. Raytheon’s dividend payout ratio (DPR) is 45.54%.

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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