Media headlines about Raytheon (NYSE:RTN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Raytheon earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 46.3948429364703 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Raytheon to incorporate Persistent’s MANET technology (shephardmedia.com)
- Raytheon to Help Advance Sea Sparrow Missile Block 2 Program Under $77M Navy Contract (govconwire.com)
- Sparton Teams with Raytheon on Next-Gen Mine Neutralization System (smt.iconnect007.com)
- Navy eyes Tomahawk missile for anti-ship role (militaryaerospace.com)
- Persistent welcomes Raytheon as a Wave Relay® Ecosystem Partner Mobile (globalbankingandfinance.com)
Several equities analysts recently commented on the stock. Wolfe Research raised shares of Raytheon from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 8th. Zacks Investment Research cut shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Cowen reaffirmed a “buy” rating and set a $215.00 price objective on shares of Raytheon in a research note on Friday, February 9th. Sanford C. Bernstein boosted their price target on shares of Raytheon from $231.00 to $255.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Royal Bank of Canada set a $235.00 price target on shares of Raytheon and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Raytheon currently has a consensus rating of “Buy” and an average target price of $220.53.
Raytheon (NYSE:RTN) last announced its quarterly earnings data on Thursday, April 26th. The aerospace company reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.10. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.21 billion. Raytheon had a net margin of 8.40% and a return on equity of 22.69%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS. equities research analysts predict that Raytheon will post 9.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 10th. Stockholders of record on Wednesday, April 11th were issued a $0.8675 dividend. This represents a $3.47 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Raytheon’s previous quarterly dividend of $0.80. The ex-dividend date was Tuesday, April 10th. Raytheon’s payout ratio is presently 45.54%.
In other news, CAO Michael J. Wood sold 523 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $214.30, for a total value of $112,078.90. Following the completion of the sale, the chief accounting officer now directly owns 15,773 shares in the company, valued at approximately $3,380,153.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Rebecca R. Rhoads sold 12,054 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $212.09, for a total transaction of $2,556,532.86. Following the completion of the sale, the vice president now owns 26,266 shares of the company’s stock, valued at $5,570,755.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,969 shares of company stock valued at $8,323,643. Company insiders own 0.19% of the company’s stock.
Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.
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