Stock Update (NYSE:RTN): Raytheon performance, deliveries continue for Zumwalt

[PR Newswire] – TEWKSBURY, Mass., Feb. 10, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN), the prime mission-systems equipment integrator for the DDG 1000 Zumwalt-class destroyer program, continues its strong performance, … Read more on this. Raytheon Company (RTN) , valued at $38.31B, ended trading yesterday at $126.39. Looking at today’s trading action, the company’s one day range from $126.03 to $127.63 and has traded between $95.32 and $129.99 over the past year. RTN shares are currently priced at 17.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.68x forward p/e ratio. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.12%. According to a consensus of 18 analysts, the earnings estimate of $1.40 per share would be $0.39 worse than the year-ago quarter and a $0.19 sequential decrease. The full-year EPS estimate is $7.05, which would be a $0.29 better than last year. 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, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. The average price target for RTN shares by the analysts covering it is $140.13, which is 10.87% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Stock Update: Raytheon Co (NYSE:RTN) – Raytheon unveils next-gen TOW EagleFire launcher Stock Update: Raytheon Co (NYSE:RTN) – U.S. Special Operations Command Taps Raytheon for Mission Support Company Update: Raytheon Co (NYSE:RTN) – Raytheon receives $52 million award to continue JPALS test and analysis program