Company Update (NYSE:RTN): Raytheon introduces online classes to prepare US residents for extreme weather

[PR Newswire] – AURORA, Colo., July 12, 2016 /PRNewswire/ — Raytheon (NYSE: RTN) has launched a suite of weather preparedness training modules to help teach the general public and school-aged children how to keep themselves … Read more on this. Raytheon Company (RTN) , currently valued at $41.12B, started trading this morning at $139.72. Looking at today’s trading action, the company’s one day range from $138.47 to $139.93 with its 52-week range being $96.68 to $139.93. Priced at 19.47x this year’s forecasted earnings, RTN shares are relatively inexpensive compared to the industry’s 21.99x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.93 per share annually in dividends, yielding 2.12%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.65 per share, which would be $0.00 worse than the year-ago quarter and a $0.06 sequential increase. The full-year EPS estimate is $7.15 which would be a $0.39 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.83 Billion. If reported, 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 by the analysts covering it is $141.87, which is 1.54% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon and Thales modify ThalesRaytheonSystems joint venture structure Company Update: Raytheon Co (NYSE:RTN) – Raytheon and Israel’s UVision to develop loitering airborne solutions Company Update: Raytheon Co (NYSE:RTN) – Raytheon Reports Solid First Quarter 2016 Results
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