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Company Update: Raytheon Co (NYSE:RTN) – Raytheon and Israel’s UVision to develop loitering airborne solutions

[PR Newswire] – TUCSON, Ariz., May 27, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) and UVision signed a teaming agreement to work together on small, loitering airborne solutions. As part of the deal, Raytheon will … Read more on this. Raytheon Company (RTN) , with a current value of $38.67B, started the session at $130.10. Shares have traded today between $130.10 and $130.60 per share and has traded between $95.32 and $132.43 over the past year. RTN shares are currently priced at 18.21x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.87x earnings multiple. And for income investors, the company pays shareholders $2.93 per share annually in dividends, yielding 2.27%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.57 per share, which would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is 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. In terms of ratings, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. Investors should keep in mind is that the average price target is $141.76, which is 8.96% above where the stock opened this morning. 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 Stock Update: Raytheon Co (NYSE:RTN) – US Army awards Raytheon, DRS $56 million to develop next-gen infrared night vision
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