RTX (NYSE:RTX) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

RTX (NYSE:RTX - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11, Zacks reports. RTX had a return on equity of 12.71% and a net margin of 5.63%. During the same quarter in the previous year, the firm earned $1.41 EPS. RTX's revenue was up 9.4% on a year-over-year basis. RTX updated its FY 2025 guidance to 5.800-5.950 EPS.

RTX Trading Down 4.8%

Shares of NYSE RTX opened at $144.19 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $141.35 and a two-hundred day simple moving average of $131.70. The firm has a market cap of $192.64 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. RTX has a twelve month low of $102.62 and a twelve month high of $153.39.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.89%. RTX's dividend payout ratio (DPR) is presently 79.77%.

Insider Buying and Selling at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the sale, the executive vice president owned 16,538 shares in the company, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Institutional Investors Weigh In On RTX

An institutional investor recently raised its position in RTX stock. Revolve Wealth Partners LLC raised its holdings in RTX Corporation (NYSE:RTX - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. lowered their target price on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Susquehanna lowered their target price on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Seven 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 company. Based on data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average target price of $164.28.

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.

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