Raytheon Company Declares Quarterly Dividend of $0.55 (RTN)

Posted by on May 31st, 2013

Raytheon Company (NYSE:RTN) announced a quarterly dividend on Thursday, May 30th, Stock Ratings Network.com reports. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.55 per share on Thursday, August 8th. This represents a $2.20 annualized dividend and a dividend yield of 3.27%.

Several analysts have also recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Raytheon Company from a “sell” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $70.00 price target on the stock, up previously from $50.00. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of Raytheon Company in a research note to investors on Thursday, May 23rd. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Raytheon Company from $71.00 to $79.00 in a research note to investors on Monday, May 20th.

One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $62.43.

Raytheon Company (NYSE: RTN) opened at 67.33 on Friday. Raytheon Company has a 52-week low of $49.03 and a 52-week high of $68.62. The stock’s 50-day moving average is currently $62.24. The company has a market cap of $21.856 billion and a price-to-earnings ratio of 11.81.

Raytheon Company (NYSE: RTN) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.28. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Raytheon Company has set its FY13 guidance at $5.75-5.80 EPS. On average, analysts predict that Raytheon Company will post $5.43 earnings per share for the current fiscal year.

Raytheon Company, together with its subsidiaries, develops products, services and solutions in defense markets; sensing, effects, command, control, communications and intelligence (NYSE: RTN), and mission support, as well as the cybersecurity and homeland security markets.