Raytheon Technologies (NYSE:RTX) posted its earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.30, MarketWatch Earnings reports. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.39 billion. Raytheon Technologies had a negative net margin of 2.28% and a positive return on equity of 11.59%. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year.

RTX stock traded down $1.16 on Friday, reaching $56.30. 203,441 shares of the company were exchanged, compared to its average volume of 8,015,751. Raytheon Technologies has a 12 month low of $40.72 and a 12 month high of $93.47. The stock’s fifty day moving average price is $62.52 and its 200 day moving average price is $111.48. The firm has a market capitalization of $48.81 billion, a PE ratio of 6.96, a PEG ratio of 1.62 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.20 and a quick ratio of 0.87.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, August 13th. Raytheon Technologies’s dividend payout ratio (DPR) is currently 23.00%.

A number of analysts have issued reports on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $81.00 target price on shares of Raytheon Technologies in a research note on Wednesday. ValuEngine upgraded shares of Raytheon Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Argus cut shares of Raytheon Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group restated a “buy” rating and issued a $76.00 price objective on shares of Raytheon Technologies in a research note on Wednesday, April 15th. Finally, Citigroup reduced their price objective on shares of Raytheon Technologies from $85.52 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Raytheon Technologies has a consensus rating of “Buy” and a consensus price target of $94.47.

Raytheon Technologies Company Profile

Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

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Earnings History for Raytheon Technologies (NYSE:RTX)

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