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Company Update (NYSE:RTN): Raytheon begins delivery of railgun pulse power containers

[PR Newswire] – TEWKSBURY, Mass., May 23, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) has begun deliveries of pulse power containers in support of the U.S. Navy’s Railgun program. The containers, which are comprised … Read more on this. Raytheon Company (RTN) , with a current value of $38.32B, started the session at $129.50. During today’s session, RTN traded between $128.80 to $129.51 with its 52-week range being $95.32 to $132.43. Raytheon (RTN) shares are currently priced at 18.10x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.87x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.93 per share annually in dividends, yielding 2.27%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.57 per share, which would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $7.14 is a $0.38 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 $5.83 Billion. If realized, that would be a 0.34% decrease over the year-ago quarter. More 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 $141.76, which is 9.47% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon ramps up deliveries of small unmanned air systems Company Update: Raytheon Co (NYSE:RTN) – Raytheon Reports Solid First Quarter 2016 Results Company Update: Raytheon Co (NYSE:RTN) – Raytheon Company to release first quarter 2016 results on April 28, 2016
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