Press coverage about Raytheon (NYSE:RTN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Raytheon earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.7152632920036 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Aerospace & Defense Stock Roundup: RTN, NOC Win Deals, EADSY Sees Record Orders – Nasdaq (nasdaq.com)
- Barrow Neurological Institute, IBM, MDSL and Raytheon Executives Elected to Arizona Technology Council’s Board of Directors (markets.financialcontent.com)
- Raytheon awarded $641M for ballistic missile defense system testing (upi.com)
- Raytheon (RTN) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
Shares of Raytheon (NYSE RTN) traded up $0.97 during mid-day trading on Friday, reaching $196.68. 1,226,788 shares of the company’s stock were exchanged, compared to its average volume of 1,230,000. The firm has a market capitalization of $56,860.00, a PE ratio of 26.47, a P/E/G ratio of 2.72 and a beta of 0.58. The company has a current ratio of 1.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. Raytheon has a 12-month low of $141.28 and a 12-month high of $199.75.
Raytheon (NYSE:RTN) last announced its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. research analysts expect that Raytheon will post 7.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 3rd will be paid a $0.7975 dividend. This represents a $3.19 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, January 2nd. Raytheon’s dividend payout ratio is currently 42.93%.
Raytheon announced that its Board of Directors has approved a share repurchase plan on Wednesday, November 15th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
RTN has been the subject of several research reports. Cowen reissued a “buy” rating and set a $203.00 price objective on shares of Raytheon in a research report on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and set a $212.00 price objective on shares of Raytheon in a research report on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and set a $209.00 price objective on shares of Raytheon in a research report on Tuesday, October 10th. Citigroup reissued a “buy” rating and set a $215.00 price objective (up previously from $192.00) on shares of Raytheon in a research report on Monday, October 9th. Finally, Jefferies Group reissued a “buy” rating and set a $190.00 price objective on shares of Raytheon in a research report on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Raytheon presently has a consensus rating of “Buy” and an average price target of $204.12.
In other news, VP Frank R. Jimenez sold 175 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $189.13, for a total transaction of $33,097.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Hadley sold 800 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $190.27, for a total transaction of $152,216.00. Following the sale, the director now owns 11,360 shares of the company’s stock, valued at approximately $2,161,467.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,895 shares of company stock valued at $357,215. Corporate insiders own 0.19% of the company’s stock.
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Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.
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