Somewhat Positive News Coverage Somewhat Unlikely to Affect Raytheon (RTN) Share Price

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News coverage about Raytheon (NYSE:RTN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raytheon earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 46.2685748854849 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

RTN opened at $196.35 on Monday. The firm has a market cap of $55.94 billion, a PE ratio of 25.77, a P/E/G ratio of 1.50 and a beta of 0.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 1.51. Raytheon has a fifty-two week low of $175.26 and a fifty-two week high of $229.75.

Raytheon (NYSE:RTN) last released its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.46. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.51 billion. Raytheon had a return on equity of 24.01% and a net margin of 9.24%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.98 EPS. equities research analysts forecast that Raytheon will post 9.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 2nd. Stockholders of record on Wednesday, July 11th were given a $0.8675 dividend. The ex-dividend date was Tuesday, July 10th. This represents a $3.47 annualized dividend and a dividend yield of 1.77%. Raytheon’s dividend payout ratio (DPR) is presently 45.54%.

A number of equities analysts have issued reports on the company. Cowen reaffirmed a “buy” rating and set a $235.00 price target on shares of Raytheon in a research note on Tuesday, April 17th. Zacks Investment Research lowered Raytheon from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Credit Suisse Group reaffirmed a “neutral” rating and set a $219.00 price target (down from $250.00) on shares of Raytheon in a research note on Tuesday, May 22nd. Wolfe Research raised Raytheon from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 8th. Finally, ValuEngine lowered Raytheon from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Raytheon has a consensus rating of “Buy” and an average target price of $220.59.

In other news, Director Stephen J. Hadley sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $209.23, for a total value of $209,230.00. Following the completion of the sale, the director now owns 9,524 shares of the company’s stock, valued at $1,992,706.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Taylor W. Lawrence sold 1,241 shares of the firm’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $212.14, for a total value of $263,265.74. Following the completion of the sale, the vice president now directly owns 46,999 shares of the company’s stock, valued at approximately $9,970,367.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,862 shares of company stock valued at $816,748. 0.19% of the stock is currently owned by insiders.

About Raytheon

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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