Raytheon (NYSE:RTN) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $11.40-$11.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.83. The company issued revenue guidance of $28.6-$29.1 billion, compared to the consensus revenue estimate of $29.03 billion.Raytheon also updated its FY 2019 guidance to $11.40-11.60 EPS.
A number of research firms recently weighed in on RTN. ValuEngine raised shares of Raytheon from a sell rating to a hold rating in a report on Thursday, January 24th. Citigroup dropped their price objective on shares of Raytheon from $230.00 to $208.00 and set a buy rating on the stock in a report on Monday, January 14th. Susquehanna Bancshares began coverage on shares of Raytheon in a report on Thursday, January 10th. They issued a positive rating and a $187.00 price objective on the stock. Zacks Investment Research cut shares of Raytheon from a buy rating to a hold rating in a report on Monday, December 31st. Finally, Barclays dropped their price objective on shares of Raytheon from $239.00 to $195.00 and set an equal weight rating on the stock in a report on Tuesday, December 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $219.18.
RTN traded down $6.70 on Thursday, reaching $164.76. The company had a trading volume of 4,724,344 shares, compared to its average volume of 2,017,043. The firm has a market capitalization of $48.73 billion, a PE ratio of 21.62, a P/E/G ratio of 1.06 and a beta of 0.90. The company has a quick ratio of 1.37, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. Raytheon has a one year low of $144.27 and a one year high of $229.75.
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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