Raytheon Company Common Stock (NYSE:RTN):
Raytheon Reports Strong Third Quarter 2016 Results.
The company is up by 0.62 percent from yesterday’s close.
The company recently announced a dividend for shareholders that will be paid on Thursday the 10th of November 2016. The dividend will be $0.733 per share for the quarter which comes to $2.93 on an annualized basis. This dividend represents a yeild of $2.10 which is the dividend as a percentage of the current share price. The ex-dividend date is Monday the 3rd of October 2016.
Shares last traded at $137.19 slightly below $137.64, the 50 day moving average and which is slightly above the 200 day moving average of $135.54. The 50 day moving average was down $-0.45 or -0.32% and the 200 day average went up $1.65 or +1.22%.
The company’s P/E ratio is 19.17 and market cap is 40.48B. In the last earnings report the EPS was $7.16 and is estimated to be $7.42 for the current year with 295,095,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.68 and the next full year EPS is projected to be $7.69.
Several ratings firms have provided guidance on RTN. On October 28, 2016 Vertical Research released its first research report on the stock with an initial rating of “Buy”. Equity analyst Baird issued its first research report on the stock by announcing an initial rating of “Outperform” and projecting a price target of $170.00.
September 6 investment analysts at Citigroup made no change to the stock rating of “Buy” but raised the price expectation to $170.00 from $124.00. On May 2 Bernstein held the stock rating at “Neutral” but lowered the price target from $132.00 to $131.00.
On April 4 analysts at Guggenheim Securities initiated coverage on the stock giving it an initial rating of “Buy”. January 29 investment analysts at Credit Suisse maintained a company rating of “Outperform” and raised the price target from $122.18 to $138.00.