RTX (RTX) to Release Quarterly Earnings on Tuesday

RTX (NYSE:RTX - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.34 per share and revenue of $19.80 billion for the quarter. RTX has set its FY 2025 guidance at 6.000-6.150 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts expect RTX to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.37 during trading on Friday, hitting $128.89. 5,208,962 shares of the company were exchanged, compared to its average volume of 5,483,696. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX has a 52-week low of $99.07 and a 52-week high of $136.17. The company has a market cap of $172.07 billion, a PE ratio of 36.31, a P/E/G ratio of 2.11 and a beta of 0.58. The stock has a 50 day moving average of $128.59 and a 200 day moving average of $123.83.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, February 21st. RTX's payout ratio is presently 70.99%.

Analysts Set New Price Targets

A number of research firms have recently commented on RTX. Wells Fargo & Company raised their price objective on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Bank of America boosted their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, StockNews.com cut RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.27.

Insider Activity

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

Institutional Trading of RTX

An institutional investor recently raised its position in RTX stock. Revolve Wealth Partners LLC grew its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing 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 as of its most recent SEC filing. Institutional investors own 86.50% of the company's stock.

About RTX

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.