Raytheon (RTN) Earns News Impact Rating of 0.21

Headlines about Raytheon (NYSE:RTN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raytheon earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 46.3896451863582 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of Raytheon (RTN) traded down $0.45 on Friday, hitting $217.73. The stock had a trading volume of 1,448,245 shares, compared to its average volume of 1,920,000. Raytheon has a one year low of $148.65 and a one year high of $218.78. The company has a market cap of $62,820.00, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76. The company has a quick ratio of 1.46, a current ratio of 1.54 and a debt-to-equity ratio of 0.48.

Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the company earned $1.84 EPS. Raytheon’s revenue was up 8.0% compared to the same quarter last year. research analysts anticipate that Raytheon will post 9.65 earnings per share for the current fiscal year.

Raytheon declared that its Board of Directors has approved a share buyback plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Several equities research analysts have weighed in on RTN shares. Bank of America set a $220.00 target price on Raytheon and gave the stock a “buy” rating in a research note on Friday, October 27th. Royal Bank of Canada set a $225.00 target price on Raytheon and gave the stock a “buy” rating in a research note on Thursday, November 16th. Buckingham Research upped their target price on Raytheon from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Wells Fargo & Co cut their target price on Raytheon from $200.00 to $195.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and set a $212.00 target price on shares of Raytheon in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $210.77.

In related news, CAO Michael J. Wood sold 3,989 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $215.88, for a total transaction of $861,145.32. Following the completion of the transaction, the chief accounting officer now directly owns 22,260 shares of the company’s stock, valued at approximately $4,805,488.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $190.27, for a total value of $152,216.00. Following the transaction, the director now directly owns 11,360 shares of the company’s stock, valued at $2,161,467.20. The disclosure for this sale can be found here. Insiders sold a total of 69,792 shares of company stock valued at $14,973,517 over the last quarter. 0.19% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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