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Market Update (NYSE:RTN): US Marine Corps awards Raytheon up to $249 million to refurbish vehicles

window.location=""; [PR Newswire] – ALBANY, Ga., June 6, 2016 /PRNewswire/ — The U.S. Marine Corps Logistics Command has awarded Raytheon Company (NYSE: RTN) up to $249 million with options over five years for work on the Secondary Reparable, … Read more on this. Raytheon Company (RTN) , valued at $39.68B, started the session at $133.22. Today, shares have traded between $133.01 and $134.41 per share and has traded between $95.32 and $134.41 over the past 12 months. Raytheon (RTN) shares are currently priced at 18.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.94x earnings multiple for the same period. The company pays shareholders $2.93 per share in dividend income per year, for a current yield of 2.19%. According to a consensus of 19 analysts, the earnings estimate of $1.57 per share would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $7.14, which would be a $0.38 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.82 Billion. If reported, that would be a 0.51% decrease over the year-ago quarter. More recently, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. With the above information in mind, readers should note that the average price target is $141.76, which is 6.41% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Stock Update (NYSE:RTN): U.S. Navy awards Raytheon up to $104 million for long-range radar operations Stock Update: Raytheon Co (NYSE:RTN) – US Army awards Raytheon, DRS $56 million to develop next-gen infrared night vision Stock Update (NYSE:RTN): National Science Foundation awards Raytheon $8 million to continue building the future Internet
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