Company Update: Raytheon Co (NYSE:RTN) – Raytheon Reports Solid First Quarter 2016 Results

[PR Newswire] – WALTHAM, Mass., April 28, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) announced net sales for the first quarter 2016 of $5.8 billion, up 9 percent compared to $5.3 billion in the first quarter 2015. … Read more on this. Raytheon Company (RTN) , with a current value of $37.74B, started the session at $128.72. Looking at the equity, the company’s one day range is $126.29 to $129.38 with a one year range of $95.32 to $130.89. Priced at 17.85x this year’s forecasted earnings, RTN shares are relatively inexpensive compared to the industry’s 22.21x forward p/e ratio. And for income investors, the company pays shareholders $2.93 per share annually in dividends, yielding 2.33%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.38 per share, which would be $0.41 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.03 is a $0.27 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.46 Billion. If reported, that would be a 3.21% increase 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. When considering if perhaps the stock is under or overvalued, the average price target is $140.82, which is 9.40% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon Company to release first quarter 2016 results on April 28, 2016 Market Update: Raytheon Co (NYSE:RTN) – Raytheon sees higher sales, profit in 2016; 4th-qtr profit tops view Stock Update (NYSE:RTN): Raytheon Company to release 2015 fourth quarter and full-year results on Jan. 28, 2016
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