Company Update (NYSE:RTN): US Navy uses Raytheon’s SeaRAM to knock out complex targets in at-sea test

[PR Newswire] – TUCSON, Ariz., May 17, 2016 /PRNewswire/ — The U.S. Navy completed a series of test shots using Raytheon Company’s (NYSE: RTN) SeaRAM anti-ship missile defense system, taking out several targets in a … Read more on this. Raytheon Company (RTN) , valued at $38.55B, opened this morning at $131.33. During the trading session, RTN traded between $129.25 to $131.80 with a trailing 52-week range being $95.32 to $132.43. Raytheon (RTN) shares are currently priced at 18.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 5.95x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.93 per share annually in dividends, yielding 2.25%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.57 per share, which would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.13 would be a $0.37 improvement 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. Recently, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. The average price target for RTN shares is $141.76, which is 7.94% 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 Company Update (NYSE:RTN): Raytheon, U.S. Air Force successfully complete GPS OCX first qualification test Company Update (NYSE:RTN): Raytheon’s SeaRAM hits target with newest missile variant in US Navy live-fire test
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