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Market Update (NYSE:RTN): Raytheon Canada Limited chosen to enhance Royal Canadian Navy crew safety

[PR Newswire] – Naval Remote Weapon Stations provide flexible and innovative mission support CALGARY, Alberta, March 18, 2016 /PRNewswire/ — Raytheon Canada Limited, a subsidiary of Raytheon Company (NYSE: RTN), has … Read more on this. Raytheon Company (RTN) , with a current value of $36.97B, opened at $122.66. Today, shares have traded between $121.80 and $124.57 per share with a trailing 52-week range being $95.32 to $129.99. RTN shares are currently priced at 17.33x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.64x earnings multiple. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.18%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.37 per share, which would be $0.42 worse than the year-ago quarter and a $0.22 sequential decrease. The full-year EPS estimate is $7.03 which would be a $0.27 improvement than last year’s full-year earnings. 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 $140.19, which is 14.29% above where the stock opened. See more in (NYSE:RTN) Similar Articles: Company Update (NYSE:RTN): Raytheon’s SeaRAM hits target with newest missile variant in US Navy live-fire test Company Update (NYSE:LMT): All Systems Go – Lockheed Martin Canada Delivers Modern Combat System to Royal Canadian Navy Company Update: Raytheon Co (NYSE:RTN) – U.S. Navy awards Raytheon $159 million for Phalanx production
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