RTX (NYSE:RTX) Announces Earnings Results, Beats Expectations By $0.48 EPS

RTX (NYSE:RTX) announced its earnings results on Tuesday. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48, FiscalAI reports. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%.

RTX Trading Down 0.7%

NYSE:RTX opened at $192.51 on Tuesday. The company has a market capitalization of $259.46 billion, a P/E ratio of 33.89, a PEG ratio of 2.50 and a beta of 0.31. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. RTX has a 12 month low of $159.45 and a 12 month high of $226.88. The firm has a fifty day simple moving average of $199.07 and a 200-day simple moving average of $193.69.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, and Lockheed Martin received a $215 million U.S. Army contract through their Javelin Joint Venture to produce Lightweight Command Launch Units. The next-generation launchers will replace legacy units and support continued demand for RTX’s defense systems. U.S. Army awards Javelin Joint Venture $215 million contract for Lightweight Command Launch Unit production
• Neutral Sentiment: RTX is scheduled to report quarterly results, making earnings, full-year guidance and aerospace demand the key near-term catalysts. The company previously exceeded consensus estimates and raised its outlook, so investors may already expect another strong report; failure to raise guidance could weigh on the stock. GE Aerospace and RTX Earnings Preview
• Neutral Sentiment: Several articles discuss Nvidia’s RTX 5090, RTX 5070 Ti, RTX 6060 and RTX Spark products. These are Nvidia graphics products—not RTX Corporation businesses—and therefore have no direct effect on RTX Corporation’s earnings or valuation. Nvidia says the RTX 5090 isn’t discontinued
• Negative Sentiment: With RTX shares trading above historical valuation levels and investors positioned for continued earnings momentum, the upcoming report carries elevated expectations. Any weaker-than-expected results, cautious aerospace commentary or lack of additional guidance improvement could pressure the stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 price target on the stock. in a research report on Tuesday, October 13th. DA Davidson upped their target price on RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Susquehanna increased their price target on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Barclays began coverage on RTX in a report on Friday, October 9th. They issued an “overweight” rating and a $223.00 price target for the company. Finally, Royal Bank Of Canada dropped their price target on RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $226.75.

Insider Activity at RTX

In related news, insider Troy Brunk sold 8,557 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $213.62, for a total value of $1,016,831.20. Following the completion of the transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. This trade represents a 17.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,222 shares of company stock valued at $6,362,003 in the last ninety days. Company insiders own 0.10% of the company’s stock.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.