Company Update: Raytheon Co (NYSE:RTN) – Raytheon and Thales modify ThalesRaytheonSystems joint venture structure

[PR Newswire] – WALTHAM, Mass., July 1, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) and Thales (Euronext Paris: HO) have reached an agreement and concluded the transaction to transition the stakeholder positions … Read more on this. Raytheon Company (RTN) , with a current value of $40.06B, began trading this morning at $135.24. Looking at the equity, the company’s one day range is $134.30 to $135.94 with a one year range of $95.32 to $137.34. Raytheon (RTN) shares are currently priced at 19.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.10x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.93 per share annually in dividends, yielding 2.20%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.58 per share, which would be $0.07 worse than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $7.15 is a $0.39 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 $5.83 Billion. If realized, that would be a 0.34% decrease 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. With the above information in mind, readers should note that the average price target is $141.13, which is 4.36% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – Raytheon and Israel’s UVision to develop loitering airborne solutions Company Update: Raytheon Co (NYSE:RTN) – Raytheon developing technology to make software "immortal" Company Update: Raytheon Co (NYSE:RTN) – Raytheon Reports Solid First Quarter 2016 Results