Raytheon Company Common Stock (NYSE:RTN):
Raytheon Company to release third quarter 2016 results on October 27, 2016.
In the market the company is trading up since yesterday’s close of $136.35.
Additionally the company declared a dividend for shareholders payable on Thursday November 10th, 2016. The dividend will be $0.733 per share for the quarter or $2.93 on an annualized basis. This dividend amount will represent a yeild of $2.10. The ex-dividend date is set for Monday the 3rd of October 2016.
Shares are trading at $137.19 a tad below the 50 day moving average of $137.64 and a tad higher than the 200 day moving average of $135.54. The 50 day moving average was down by -0.32% and the 200 day average was up $1.65.
Raytheon Company Common Stock’s P/E ratio is 19.17 and the market cap of the company is 40.48B. As of the latest earnings report the EPS was $7.16 and is projected to be $7.42 for the current year with 295,095,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.68 and the next full year EPS is projected to be $7.69.
Wall Street investment firms have released opinions on RTN. Vertical Research started covering RTN setting a rating of “Buy”. On October 6 analysts at Baird began coverage of the stock giving it an initial rating of “Outperform” and setting a price target of $170.00.
On September 6 Citigroup kept the stock rating at “Buy” but moved up the price target from $124.00 to $170.00. May 2 investment analysts at Bernstein kept the company rating at “Neutral” but lowered the price expectation to $131.00 from $132.00.
Equity analyst Guggenheim Securities initiated coverage on RTN with an initial rating of “Buy”. January 29 investment analysts at Credit Suisse made no change to the company rating of “Outperform” but raised the price target from $122.18 to $138.00.