Raytheon Company Company Profile (NYSE:RTN)

Raytheon Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "RTN."

Raytheon Company announced a quarterly dividend on Thursday, May 25th. Shareholders of record on Wednesday, July 5th will be paid a dividend of $0.7975 per share on Thursday, August 3rd. This represents a $3.19 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, June 30th. View Raytheon Company's Dividend History.

Raytheon Company (NYSE:RTN) issued its quarterly earnings results on Thursday, July, 27th. The company reported $1.89 EPS for the quarter, topping the Zacks' consensus estimate of $1.74 by $0.15. The company had revenue of $6.28 billion for the quarter, compared to the consensus estimate of $6.24 billion. Raytheon Company had a return on equity of 20.45% and a net margin of 9.41%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.38 EPS. View Raytheon Company's Earnings History.

Raytheon Company updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $7.35-7.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.49. The company issued revenue guidance of $25.1-25.6 billion, compared to the consensus revenue estimate of $25.18 billion.

12 brokerages have issued 12 month target prices for Raytheon Company's shares. Their forecasts range from $145.00 to $181.00. On average, they anticipate Raytheon Company's stock price to reach $166.18 in the next year. View Analyst Ratings for Raytheon Company.

Here are some recent quotes from research analysts about Raytheon Company stock:

• 1. According to Zacks Investment Research, "Raytheon is one of the best-positioned large-cap defense players due to its non-platform-centric focus. Apart from its existing strong base in the domestic soil, the company has a distinct focus on its overseas business. Looking ahead, Raytheon has raised its 2017 revenue guidance and earnings projection. Furthermore, the company continues to be a strong cash generator, which helps it to take important cash deployment decisions. Raytheon’s stock outperformed the Zacks categorized Aerospace/Defense industry in the last six months. On the flip side, factors like tough competition, budget deficits and political uncertainty continue to be major headwinds for Raytheon. Moreover, a comparative analysis of the company’s historical EV/EBITDA ratio, reflects a relatively gloomy picture that might be a cause for investors’ concern." (7/13/2017)
• 2. Jefferies Group LLC analysts commented, "RTN has a portfolio of electronics and services that is well positioned to help the U.S. and its allies combat threats that range from Cyber warfare to attack from ballistic missiles. Program bookings, as outlined in this note highlight the opportunities ahead. Our 2017 to 2019 estimates are unchanged at $7.40, $8.20, and $9.00. We revise 2015 and 2016 results for ASU 2014-09." (3/20/2017)
• 3. Cowen and Company analysts commented, "RTN is our top play on foreign arms sales likely to be bolstered by Trump's initiatives while his DoD plans face Congressional resistance. We're hiking our PT to $170. RTN has peer-high exposure (41% backlog/31% sales) to foreign arms sales. Prospects are buttressed by President Trump's (1) push for higher NATO spending, (2) go-ahead for sales on hold, & (3) support for U.S. exports. Indicated 2017 foreign book-bill of ~1.05x is driven by the Qatar EWR award, expected Polish/new European customer Patriot orders, initial SM-6 missile contracts, replenishment buys, and radar/ missiles on F-15/F-18 sales. But we see potential upside from (1) approval of blocked sales (Saudi PGM's/Bahrain F-16's), (2) more liberal sales criteria, and (3) response to recent Iran/North Korean missile tests. The latter could trigger early orders for SM-6's from expected customers Australia, Japan, and S. Korea and possibly Mideast THAAD sales (RTN supplies TPY-2 radar), which RTN doesn't expect but LMT does." (3/7/2017)

Raytheon Company saw a drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,310,700 shares, a drop of 33.5% from the May 31st total of 3,473,569 shares. Based on an average trading volume of 1,458,721 shares, the short-interest ratio is presently 1.6 days. Currently, 0.8% of the company's stock are sold short.

Some companies that are related to Raytheon Company include United Technologies Corporation (UTX), Lockheed Martin Corporation (LMT), General Dynamics Corporation (GD), Northrop Grumman Corporation (NOC), Precision Castparts Corp. (PCP), BAE Systems plc (BA), Rockwell Collins (COL), Rolls-Royce Holding PLC (RR), L-3 Communications Holdings (LLL), Huntington Ingalls Industries (HII), Orbital ATK (OA), Elbit Systems (ESLT), BWX Technologies (BWXT), Hexcel Corporation (HXL), Esterline Technologies Corporation (ESL), Moog (MOG.A), Cobham plc (COB) and Mercury Systems (MRCY).

Raytheon Company's management team includes the folowing people:

• Thomas A. Kennedy, Chairman of the Board, Chief Executive Officer
• Anthony F. O'Brien, Chief Financial Officer, Vice President
• Michael J. Wood, Chief Accounting Officer, Vice President, Controller
• Frank R. Jimenez, Vice President, General Counsel, Corporate Secretary
• Randa G. Newsome, Vice President - Human Resources & Global Security
• Wesley D. Kremer, Vice President, President, Integrated Defense Systems
• Taylor W. Lawrence Ph.D., Vice President of Raytheon Company and President - The Missiles Systems (MS) business unit
• Rebecca R. Rhoads, Vice President - Raytheon Company and President - Global Business Services (GBS)
• Richard R. Yuse, Vice President - Raytheon Company and President of the Space and Airborne Systems (SAS)
• Tracy A. Atkinson, Independent Director

Raytheon Company's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Sanders Capital LLC (0.38%), APG Asset Management N.V. (0.36%), Russell Investments Group Ltd. (0.25%), Public Employees Retirement Association of Colorado (0.16%), Independence Advisors LLC (0.15%) and US Bancorp DE (0.12%). Company insiders that own Raytheon Company stock include Anthony F O'brien, David C Wajsgras, Frank R Jimenez, Michael J Wood, Richard R Yuse, Taylor W Lawrence, Thomas A Kennedy, Vernon E Clark and Wesley D Kremer. View Institutional Ownership Trends for Raytheon Company.

Raytheon Company's stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, First Quadrant L P CA, Barometer Capital Management Inc., NGAM Advisors L.P., Great West Life Assurance Co. Can, Ferguson Wellman Capital Management Inc., Russell Investments Group Ltd. and Strs Ohio. Company insiders that have sold Raytheon Company stock in the last year include Anthony F O'brien, David C Wajsgras, Frank R Jimenez, Michael J Wood, Taylor W Lawrence, Thomas A Kennedy, Vernon E Clark and Wesley D Kremer. View Insider Buying and Selling for Raytheon Company.

Raytheon Company's stock was purchased by a variety of institutional investors in the last quarter, including Independence Advisors LLC, Harbour Capital Advisors LLC, Gateway Investment Advisers LLC, Mn Services Vermogensbeheer B.V., Harvey Capital Management Inc., Cypress Funds LLC, National Pension Service and APG Asset Management N.V.. View Insider Buying and Selling for Raytheon Company.

Shares of Raytheon Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Raytheon Company stock can currently be purchased for approximately $169.53.