Company Update: Raytheon Co (NYSE:RTN) – Raytheon ramps up deliveries of small unmanned air systems

[PR Newswire] – NEW ORLEANS, May 3, 2016 /PRNewswire/ — Responding to growing warfighter demand, Raytheon Company (RTN) has increased deliveries of its small unmanned aircraft systems. “Demand for our UAS platforms continues to grow as we deliver innovative unmanned solutions to a wide range of customers,” said Dr. Thomas R. Bussing, vice president of Raytheon’s Advanced Missile Systems product line. Read more on this. Raytheon Company (RTN) , with a current value of $37.44B, started trading this morning at $125.26. During the trading session, RTN traded between $124.98 to $126.33 and has traded between $95.32 and $130.89 over the past 12 months. RTN shares are currently priced at 17.88x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.04x earnings multiple for the same period. The company pays shareholders $2.93 per share in dividend income per year, for a current yield of 2.32%. 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 $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.11 is a $0.35 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.85 Billion. If reported, that would be a 0.00% decrease over the year-ago quarter. 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 13.17% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon Reports Solid First Quarter 2016 Results Stock Update (NYSE:RTN): Raytheon performance, deliveries continue for Zumwalt Market Update: Raytheon Co (NYSE:RTN) – Arizona Technology Council honors Raytheon Missile Systems with 2015 Pioneering Award
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