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Market Update: Raytheon Co (NYSE:RTN) – Javelin Scores a perfect 5 for 5 in UK ground vehicle tests

[PR Newswire] – PARIS, June 15, 2016 /PRNewswire/ — The Javelin™ Joint Venture team, a partnership of Raytheon Company (NYSE: RTN) and Lockheed Martin (NYSE: LMT), successfully demonstrated Javelin’s ability to engage … Read more on this. Raytheon Company (RTN) , with a current value of $40.37B, opened at $135.83. During the trading session, RTN traded between $135.60 to $136.16 with a one year range of $95.32 to $137.34. RTN shares are currently priced at 19.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.79x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.93 per share annually in dividends, yielding 2.15%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.57 per share, which would be $0.08 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.14 would be a $0.38 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.83 Billion. If reported, that would be a 0.34% decrease over the year-ago quarter. In terms of ratings, Guggenheim Initiated RTN at Buy (Apr 5, 2016). Previously, Argus upgraded RTN from Hold to Buy. Investors should keep in mind is that the average price target is $141.63, which is 4.27% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Market Update: Lockheed Martin Corporation (NYSE:LMT) – Javelin Scores a perfect 5 for 5 in UK ground vehicle tests Market Update: Raytheon Co (NYSE:RTN) – Raytheon to start production of first multi-spectral targeting system with next-generation accuracy Stock Update: Raytheon Co (NYSE:RTN) – Top U.S. arms buyer to meet Raytheon CEO on long-delayed GPS ground system
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