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Company Update (NYSE:RTN): Raytheon team to deliver next-generation jet trainer

[PR Newswire] – WASHINGTON, Feb. 22, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) is offering an integrated, next-generation training solution for the U.S. Air Force’s Advanced Pilot Training competition. Raytheon, … Read more on this. Raytheon Company (RTN) , currently valued at $37.54B, began trading this morning at $124.05. Today’s price range has been between $123.61 and $125.55 per share and has traded between $95.32 and $129.99 over the past 12 months. RTN shares are currently priced at 17.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x earnings multiple. And for dividend hunters, the company pays shareholders $2.68 per share annually in dividends, yielding 2.17%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.39 per share, which would be $0.40 worse than the year-ago quarter and a $0.20 sequential decrease. Investors should also note that the full-year EPS estimate of $7.04 is a $0.28 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.45 Billion. If realized, that would be a 3.02% increase over the year-ago quarter. In terms of ratings, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. Given all the information above, we should disclose to readers that the average price target is $140.13, which is 12.96% above than it opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon marks 20 years of Cooperative Engagement Capability deployment Stock Update (NYSE:RTN): Raytheon completes development of 3rd Generation Bradley Commander’s Primary Sight Company Update: Raytheon Co (NYSE:RTN) – Next Generation Jammer prototype powers through critical test
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