$1.88 EPS Expected for Raytheon Company (RTN)

October 13, 2017 - By Marguerite Chambers

 $1.88 EPS Expected for Raytheon Company (RTN)
Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.15, from 1.27 in 2017Q1. It worsened, as 43 investors sold Raytheon Company shares while 348 reduced holdings. 93 funds opened positions while 346 raised stakes. 208.75 million shares or 1.40% less from 211.71 million shares in 2017Q1 were reported.
Atlantic Gp Limited holds 0.02% or 17,234 shares in its portfolio. Consulate owns 1,562 shares. Rhumbline Advisers, a Massachusetts-based fund reported 499,595 shares. Moreover, Kornitzer Cap Mgmt Ks has 0.02% invested in Raytheon Company (NYSE:RTN) for 6,720 shares. Virtus Advisers reported 0.23% of its portfolio in Raytheon Company (NYSE:RTN). Scholtz Ltd Liability Company holds 14,423 shares or 2.01% of its portfolio. Pineno Levin Ford Asset Mngmt stated it has 1,903 shares. First Mercantile Tru accumulated 0.04% or 1,400 shares. Ipswich Inv Mgmt Company Inc holds 26,615 shares or 2.01% of its portfolio. 3,339 were accumulated by State Of Alaska Department Of Revenue. Weatherly Asset Mgmt Limited Partnership holds 3,947 shares or 0.18% of its portfolio. 1,926 were accumulated by Signaturefd Limited Co. Anderson Hoagland And Com stated it has 14,660 shares or 1.51% of all its holdings. The New Mexico-based New Mexico Educational Retirement Board has invested 0.22% in Raytheon Company (NYSE:RTN). Next Group Inc invested in 0% or 2,377 shares.

Since May 30, 2017, it had 0 insider buys, and 5 sales for $3.07 million activity. Wood Michael J also sold $235,017 worth of Raytheon Company (NYSE:RTN) on Monday, June 5. 3,029 shares valued at $493,666 were sold by RHOADS REBECCA R on Monday, June 5. The insider Kremer Wesley D sold $164,731. Lawrence Taylor W had sold 2,756 shares worth $446,577 on Monday, June 5.

Investors wait Raytheon Company (NYSE:RTN) to report on October, 26. its quarterly earnings Wall Street analysts expect $1.88 earnings per share, up $0.09 or 5.03 % from last year’s $1.79 same quarter earnings. This translates into $547.45M profit for RTN giving the stock a 25.12 P/E. This is assuming the current $1.88 EPS is accurate. Raytheon Company’s Wall Street analysts see -5.05 % negative EPS growth, taking into account the $1.98 EPS reproted in the previous quarter, The stock increased 0.90% or $1.69 during the last trading session, reaching $188.91. About 1.03M shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since October 13, 2016 and is uptrending. It has outperformed by 7.33% the S&P500.

Raytheon Company (NYSE:RTN) Ratings Coverage

Among 19 analysts covering Raytheon Company (NYSE:RTN), 16 have Buy rating, 1 Sell and 2 Hold. Therefore 84% are positive. Raytheon Company had 56 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Monday, August 28. Bank of America upgraded the shares of RTN in report on Tuesday, July 28 to “Buy” rating. The stock has “Buy” rating by Argus Research on Thursday, November 12. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 6. The company was maintained on Monday, May 2 by Barclays Capital. The firm has “Buy” rating given on Friday, January 29 by Stifel Nicolaus. On Friday, June 23 the stock rating was maintained by Jefferies with “Buy”. As per Monday, April 3, the company rating was maintained by Credit Suisse. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 27. As per Wednesday, September 2, the company rating was maintained by RBC Capital Markets.

Raytheon Company is a technology company, which specializes in defense and other government markets. The company has market cap of $55.01 billion. The Firm develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity. It has a 26.08 P/E ratio. The Firm operates through five divisions: Integrated Defense Systems ; Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS), and Forcepoint.

More notable recent Raytheon Company (NYSE:RTN) news were published by: Prnewswire.com which released: “DigitalGlobe selects Raytheon as satellite imaging payload provider for …” on October 10, 2017, also Seekingalpha.com with their article: “Raytheon: No Competitors And Increases In US Defense Spending” published on October 09, 2017, Prnewswire.com published: “Raytheon vice president Todd Ernst to lead Corporate Development” on October 05, 2017. More interesting news about Raytheon Company (NYSE:RTN) were released by: Nasdaq.com and their article: “Raytheon (RTN) Wins $23M Deal for B-2 Antenna Modification” published on September 27, 2017 as well as Seekingalpha.com‘s news article titled: “There is still room for additional dividend growth.” with publication date: October 10, 2017.

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