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Stock Update (NYSE:RTN): USS Coronado deploys with next-gen UAV controls from Raytheon

[PR Newswire] – SAN DIEGO, April 27, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) and the U.S. Navy’s Naval Air Systems Command have deployed advanced mission control for the MQ-8 Fire Scout, an unmanned helicopter, … Read more on this. Raytheon Company (RTN) , valued at $38.83B, opened at $128.50. Looking at the equity, the company’s one day range is $127.56 to $130.78 with the price of the stock fluctuating between $95.32 to $130.78 over the last 52 weeks. RTN shares are currently priced at 17.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.21x earnings multiple for the same period. And for income investors, the company pays shareholders $2.93 per share annually in dividends, yielding 2.32%. 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 $0.20 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.03 would be a $0.27 better 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 $5.46 Billion. If realized, that would be a 3.21% increase over the year-ago quarter. Recently, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. Investors should keep in mind is that the average price target is $140.82, which is 9.59% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Stock Update: Raytheon Co (NYSE:RTN) – US Army awards Raytheon, DRS $56 million to develop next-gen infrared night vision Stock Update: Raytheon Co (NYSE:RTN) – Cost of Raytheon satellite control system rose 16 pct -Pentagon Stock Update: Raytheon Co (NYSE:RTN) – Top U.S. arms buyer to meet Raytheon CEO on long-delayed GPS ground system
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