News stories about Raytheon (NYSE:RTN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Raytheon earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 45.9761450601189 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Raytheon, Navy Test JSOW C Missile on Lockheed’s F-35C Fighter Jet (govconwire.com)
- BRIEF-Raytheon Wins $83 Mln Mine Neutralizer Contract (reuters.com)
- Raytheon awarded $83 million mine neutralizer contract (prnewswire.com)
- Raytheon (RTN) Rating Increased to Strong-Buy at BidaskClub (americanbankingnews.com)
- Raytheon wins contract for Barracuda counter-mine system (upi.com)
Shares of RTN traded up $1.00 during trading hours on Thursday, reaching $228.06. 867,080 shares of the company’s stock traded hands, compared to its average volume of 1,776,511. The firm has a market capitalization of $65,522.59, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.46 and a current ratio of 1.54. Raytheon has a twelve month low of $152.71 and a twelve month high of $228.52.
Raytheon (NYSE:RTN) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.81 billion. Raytheon had a return on equity of 21.36% and a net margin of 7.98%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. analysts forecast that Raytheon will post 9.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Wednesday, April 11th will be issued a dividend of $0.8675 per share. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Raytheon’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Tuesday, April 10th. Raytheon’s dividend payout ratio (DPR) is 45.54%.
RTN has been the topic of several research analyst reports. Robert W. Baird restated a “buy” rating and set a $237.00 price objective on shares of Raytheon in a research note on Friday, January 26th. Stifel Nicolaus raised their target price on Raytheon from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Cowen reiterated a “buy” rating and issued a $215.00 target price on shares of Raytheon in a research note on Thursday, January 25th. Royal Bank of Canada set a $235.00 target price on Raytheon and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Raytheon from a “hold” rating to a “buy” rating and set a $217.00 target price on the stock in a research note on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Raytheon presently has an average rating of “Buy” and an average target price of $220.53.
In other news, VP Rebecca R. Rhoads sold 12,054 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $212.09, for a total transaction of $2,556,532.86. Following the transaction, the vice president now directly owns 26,266 shares of the company’s stock, valued at $5,570,755.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Wood sold 1,974 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $208.07, for a total value of $410,730.18. Following the transaction, the vice president now directly owns 17,467 shares in the company, valued at $3,634,358.69. The disclosure for this sale can be found here. Insiders have sold 105,866 shares of company stock worth $22,730,714 over the last three months. Corporate insiders own 0.19% of the company’s stock.
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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.
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