Economy

Stock is up at $181.54 (RTN) Raytheon partners with Ducommun to build…

Raytheon (NYSE:RTN) last issued its quarterly earnings data on Thursday, July 27th. The dividend was $0.798 per share for the quarter which is $3.19 annualized. The business had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. As a result, Raytheon Company attained a Profit Margin of 8.70% *. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period previous year, the business posted $2.38 earnings per share. Finally, Tarbox Family Office Inc. increased its position in shares of Raytheon by 1,666.7% during the second quarter. Jefferies Group also issued estimates for Raytheon Company's Q2 2017 earnings at $1.88 EPS, Q3 2017 earnings at $1.90 EPS and Q4 2017 earnings at $2.06 EPS.

A number of analysts have recently issued reports on the company. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Zacks Investment Research cut shares of Raytheon Company from a "buy" rating to a "hold" rating in a report on Friday, January 20th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Raytheon Company presently has an average rating of "Buy" and a consensus price target of $156.16.

The company is now up since yesterday's close of 181.3. It has twelve month low of $132.89 and twelve month high of $184.17. The company has market capitalization of $52.74B. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. This dividend amount was represent a yeild of $1.76. The ex-dividend date of this dividend is Friday, December 30th.

At present, Raytheon Company has a PE ratio of 25.08 with a forward P/E of 21.43 *.

The shares outstanding for Raytheon Company is levered at 291.7 *. The stock was sold at an average price of $181.94, for a total transaction of $90,970.00. Following the purchase, the director now owns 4,303 shares in the company, valued at approximately $740,072.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Nisa Investment Advisors LLC now owns 117,944 shares of the company's stock valued at $16,034,000 after buying an additional 16,572 shares during the last quarter. HM Capital Management LLC lifted its stake in shares of Raytheon by 0.5% in the 2nd quarter. As of the last earnings report the EPS was $7.24 and is projected to be $7.59 for the current year with 290,248,000 shares now outstanding. Jacobi Capital Management LLC now owns 757 shares of the aerospace company's stock valued at $114,000 after purchasing an additional 553 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Raytheon Company by 15.4% in the second quarter. The firm owned 283,932 shares of the aerospace company's stock after selling 144,506 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of Raytheon during the second quarter valued at approximately $113,000. Park National Corp OH now owns 1,769 shares of the aerospace company's stock valued at $286,000 after purchasing an additional 18 shares during the period.

"As one of America's best technology manufacturers, Ducommun brings the right expertise to the NSM program", said Mike Jarrett, Raytheon Air Warfare Systems vice president. The Company develops technologically integrated products, services and solutions in various markets, such as sensing; effects; command, control, communications, computers, cyber and intelligence (C5I); mission support, and cybersecurity.



Like this

loading...
loading...

Latest


12 September 2017
'75000 students are yet to get their results'
Of these, 510 are from Arts students, 712 from Commerce students, 2,109 in the Science stream and 16,664 from Engineering students.

12 September 2017
Vanguard FTSE Canada Index ETF (VCE.TO) Shares Hovering Above Chikou
We can also take a look at the Average Directional Index or ADX of Vanguard Global Momentum Factor UCITS ETF (VDMO.L). A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

12 September 2017
Dapper Dan Is Officially Working With Gucci Now
I found out how similar our experiences were, the way he grew up and the way I grew up, and how he was influenced by me. Meanwhile, his eponymous Harlem boutique, closed since 1992, will open its doors once again.

12 September 2017
IU cancels game against FIU due to Hurricane Irma impact
Saturday's game between IN and Florida International has been canceled, IN athletic director Fred Glass announced Monday night. FIU canceled all athletics events through Sunday with Saturday's game in Bloomington included.

12 September 2017
Unlikely Hero: Raiders kicker Giorgio Tavecchio wins game ball vs. Titans
Janikowski, the Raiders' longest-tenured player and all-time leading scorer, made 82.9 percent of his kicks last season. He has a huge leg and it has allowed Oakland to attempt some long field goals with him through the years.

12 September 2017
United Nations chief warns US, North Korea on "confrontational rhetoric"
Opposition to THAAD has been fierce both within South Korea and without. Abe is due to meet Putin separately later in the day.

12 September 2017
Deshaun Watson replaces Tom Savage in loss to Jags
The Houston Texans ground game is averaging 93 yards per contest, and Miller leads the way with 65 yards on 17 carries. Watson ran into similar struggles from there as Jacksonville's defense continued to relentlessly rush the passer.

12 September 2017
Three children, mother found in IN, police say
The mother, Dianna Hill, is white, 5-foot-4, weighs about 150 pounds, has blonde or strawberry hair and has blue eyes. Dianna Hill is driving a red, 2000 Chrysler Town and Country minivan with OH license plate GFZ 3404.

12 September 2017
Family Offers $25K Reward For Information On Missing Pregnant Teacher
They're not sure whether she has any connection to the residential complex, Gagend said. "I don't know", Tessier said. Police say there's no evidence to indicate foul play, but described the disappearance as "uncharacteristic".

12 September 2017
Federal Bureau of Investigation offers reward to catch serial bank robber striking around Richmond
In several surveillance images of him, he appears to be wearing a black shirt, jeans and a blue/green ball cap. Dubbed the "No Frills Bandit", the man has robbed three Central Virginia banks since July, investigators said.