Market Update (NYSE:RTN): Raytheon Company to showcase space mission expertise

[PR Newswire] – DULLES, Va., April 11, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) will showcase its capabilities across the space domain at the 32 nd Space Symposium, the premier gathering of the global space community, … Read more on this. Raytheon Company (RTN) , valued at $37.56B, started trading this morning at $126.50. Today’s price range has been between $125.09 and $126.83 per share with its 52-week range being $95.32 to $129.99. RTN shares are currently priced at 18.00x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.94x earnings multiple for the same period. The company pays shareholders $2.93 per share annually in dividends, yielding 2.32%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.37 per share, which would be $0.42 worse than the year-ago quarter and a $0.21 sequential decrease. Investors should also note that the full-year EPS estimate of $7.03 is a $0.27 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.45 Billion. If reported, that would be a 3.02% increase over the year-ago quarter. Recently, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. The average price target for RTN shares by the analysts covering it is $140.41, which is 11.00% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Market Update: Raytheon Co (NYSE:RTN) – Raytheon to complete modernization of air traffic control system throughout the National Air Space Market Update: Raytheon Co (NYSE:RTN) – Raytheon partners with Totara Learning to offer flexible, innovative learning management technology and services Market Update: Raytheon Co (NYSE:RTN) – Arizona Technology Council honors Raytheon Missile Systems with 2015 Pioneering Award
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