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Company Update: Raytheon Co (NYSE:RTN) – Raytheon Company to release first quarter 2016 results on April 28, 2016

[PR Newswire] – WALTHAM, Mass., April 19, 2016 /PRNewswire/ — Raytheon Company (RTN) will issue its first quarter 2016 earnings news release at 7 a.m. EDT Thursday, April 28, 2016. The release will be posted on Raytheon’s website. Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. Read more on this. Raytheon Company (RTN) , valued at $37.57B, began trading this morning at $126.70. Looking at the stock, its one day range is $126.22 to $127.19 with a one year range of $95.32 to $129.99. Priced at 17.97x this year’s forecasted earnings, RTN shares are relatively inexpensive compared to the industry’s 22.11x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.93 per share annually in dividends, yielding 2.33%. According to a consensus of 19 analysts, the earnings estimate of $1.38 per share would be $0.41 worse than the year-ago quarter and a $0.21 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.03 would be a $0.27 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.45 Billion. If realized, that would be a 3.02% increase 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. The average price target for RTN shares by the analysts covering the stock is $140.82, which is 11.14% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Market Update: Raytheon Co (NYSE:RTN) – Raytheon sees higher sales, profit in 2016; 4th-qtr profit tops view Stock Update (NYSE:RTN): Raytheon Company to release 2015 fourth quarter and full-year results on Jan. 28, 2016 Market Update: Raytheon Co (NYSE:RTN) – Raytheon CFO forecasts strong sales growth in 2016
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