RTX (RTX) Scheduled to Post Earnings on Tuesday

RTX (NYSE:RTX - Get Free Report) will announce its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.23 per share for the quarter. RTX has set its FY24 guidance at $5.25-5.40 EPS and its FY 2024 guidance at 5.250-5.400 EPS.Investors that are interested in participating in the company's conference call can do so using this link.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.04. The firm had revenue of $19.93 billion for the quarter, compared to analysts' expectations of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. On average, analysts expect RTX to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RTX Stock Up 0.8 %

Shares of NYSE:RTX traded up $0.81 during trading on Tuesday, reaching $100.83. 7,086,164 shares of the company traded hands, compared to its average volume of 8,335,845. The firm has a fifty day simple moving average of $93.79 and a 200 day simple moving average of $85.82. The firm has a market cap of $134.07 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88. RTX has a 1-year low of $68.56 and a 1-year high of $104.91. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Thursday, February 22nd. RTX's dividend payout ratio (DPR) is currently 105.36%.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the company's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the sale, the insider now owns 6,741 shares of the company's stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Christopher T. Calio sold 367 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now owns 56,707 shares of the company's stock, valued at $5,252,769.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the sale, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of RTX

Several large investors have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in RTX during the fourth quarter worth about $84,000. SageView Advisory Group LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $1,485,000. GR Financial Group LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $1,591,000. Mango Five Family Inc. acquired a new position in shares of RTX during the fourth quarter worth approximately $340,000. Finally, Venture Visionary Partners LLC lifted its position in shares of RTX by 1.6% during the fourth quarter. Venture Visionary Partners LLC now owns 170,540 shares of the company's stock worth $14,349,000 after purchasing an additional 2,724 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RTX shares. UBS Group lifted their target price on shares of RTX from $93.00 to $96.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Wells Fargo & Company reissued an "overweight" rating and set a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Bank of America raised shares of RTX from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $78.00 to $100.00 in a research note on Thursday, January 25th. Robert W. Baird lifted their price objective on shares of RTX from $94.00 to $105.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Finally, Barclays lifted their price objective on shares of RTX from $75.00 to $90.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, RTX has an average rating of "Hold" and a consensus price target of $94.44.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.