Market Update (NYSE:RTN): Doug Peterson named Raytheon 4th Air Traffic Controller of the Year

[PR Newswire] – DULLES, Va., March 30, 2016 /PRNewswire/ — Raytheon Company (RTN) has selected Air Traffic Controller Doug Peterson as the fourth Raytheon Air Traffic Controller of the Year. The award recognizes controllers for outstanding efforts to improve quality, safety or efficiency of air traffic control. Peterson, who works at the FAA’s Dallas/Fort Worth terminal radar approach control facility, played an active role to modernize the technology and systems that give controllers the complete airspace picture. Read more on this. Raytheon Company (RTN) , valued at $37.00B, opened this morning at $123.17. During today’s session, RTN traded between $122.88 to $123.92 with its 52-week range being $95.32 to $129.99. RTN shares are currently priced at 17.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.98x earnings multiple. And for income investors, the company pays shareholders $2.93 per share annually in dividends, yielding 2.38%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.37 per share, which would be $0.42 worse than the year-ago quarter and a $0.22 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $7.03, which would be a $0.27 improvement when compared to the last 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. More 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 by the analysts covering it is $140.19, which is 13.82% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Market Update: Raytheon Co (NYSE:RTN) – Raytheon to complete modernization of air traffic control system throughout the National Air Space Market Update: Raytheon Co (NYSE:RTN) – Raytheon partners with Totara Learning to offer flexible, innovative learning management technology and services Market Update: Raytheon Co (NYSE:RTN) – Arizona Technology Council honors Raytheon Missile Systems with 2015 Pioneering Award