RTX (NYSE:RTX) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

RTX (NYSE:RTX - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12, Zacks reports. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX updated its FY 2025 guidance to 6.000-6.150 EPS.

RTX Trading Up 2.8 %

NYSE:RTX traded up $3.46 during mid-day trading on Friday, reaching $125.43. The company's stock had a trading volume of 6,204,846 shares, compared to its average volume of 5,500,766. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a market cap of $167.46 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.11 and a beta of 0.58. The company's fifty day simple moving average is $128.31 and its two-hundred day simple moving average is $123.74. RTX has a twelve month low of $99.07 and a twelve month high of $136.17.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.01%. RTX's payout ratio is currently 73.90%.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RTX

A hedge fund recently raised its stake in RTX stock. Revolve Wealth Partners LLC boosted its holdings in RTX Co. (NYSE:RTX - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,873 shares of the company's stock after buying an additional 159 shares during the period. Revolve Wealth Partners LLC's holdings in RTX were worth $564,000 at the end of the most recent reporting period. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on RTX shares. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday. Bank of America raised their price objective on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a research report on Wednesday. Finally, DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX presently has an average rating of "Buy" and a consensus price target of $161.38.

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.