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Stock Update (NYSE:RTN): Raytheon and (ISC)2 Foundation offer scholarships to encourage college women to pursue cybersecurity degrees

[PR Newswire] – DULLES, Va., Feb. 25, 2016 /PRNewswire/ — Raytheon Company (RTN) and (ISC)2 Foundation will offer $90,000 in new scholarship programs and paid internships over three years to encourage women to pursue cybersecurity degrees. “Not only is there a deep cybersecurity talent gap that threatens our national security, there is also a distinct gender gap between men and women when it comes to cyber career exposure and awareness,” said David Wajsgras, president of Raytheon’s Intelligence, Information and Services business . Administered by the (ISC)2 Foundation, the annual Raytheon Women’s Cybersecurity Scholarship will award scholarships to two college students annually. Read more on this. Raytheon Company (RTN) , valued at $37.23B, started the session at $123.84. Looking at the equity, the company’s one day range is $123.84 to $124.54 with a trailing 52-week range being $95.32 to $129.99. RTN shares are currently priced at 17.57x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.92x earnings multiple. 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 improvement 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. Recently, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. The average price target for RTN shares is $140.19, which is 13.20% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Market Update: Raytheon Co (NYSE:RTN) – Raytheon partners with Totara Learning to offer flexible, innovative learning management technology and services Stock Update: Raytheon Co (NYSE:RTN) – NASA recognizes Raytheon for small business support Stock Update: Raytheon Co (NYSE:RTN) – U.S. Department of Homeland Security Awards Raytheon New Contract to Provide Mission Critical Cybersecurity Solutions
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