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Stock Update (NYSE:RTN): Raytheon Company to release 2015 fourth quarter and full-year results on Jan. 28, 2016

[PR Newswire] – WALTHAM, Mass., Jan. 19, 2016 /PRNewswire/ — Raytheon Company (RTN) will issue its 2015 fourth quarter and full-year earnings news release at 7 a.m. EST Thursday, Jan. 28, 2016. The release will be posted on Raytheon’s website. The 2015 fourth quarter and full-year earnings results conference call will be at 9 a.m. EST Thursday, Jan. 28, 2016. Read more on this. Raytheon Company (RTN) , with a current market cap of $36.50B, finished at $120.29. Looking at today’s market, RTN one day range is $121.07 to $121.23 and has traded between $95.32 and $129.99 over the past year. RTN shares are currently priced at 17.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.35x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.68 per share annually in dividends, yielding 2.21%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.80 per share, which would be $0.06 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $6.70 is a $0.27 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.29 Billion. If reported, that would be a 2.44% increase over the year-ago quarter. Recently, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. Given all the information above, we should disclose to readers that the average price target is $136.63, which is 13.58% above than it opened this morning. See more in (NYSE:RTN) Similar Articles: Stock Update: Aon plc (NYSE:AON) – Aon Announces Fourth Quarter and Full Year 2015 Earnings Release and Conference Call Market Update: Raytheon Co (NYSE:RTN) – Arizona Technology Council honors Raytheon Missile Systems with 2015 Pioneering Award Market Update: Raytheon Co (NYSE:RTN) – Raytheon CFO forecasts strong sales growth in 2016
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