$1.01 EPS Expected for Raytheon Technologies Co. (NYSE:RTX) This Quarter

Wall Street brokerages predict that Raytheon Technologies Co. (NYSE:RTXGet Rating) will post earnings per share (EPS) of $1.01 for the current quarter, according to Zacks. Three analysts have provided estimates for Raytheon Technologies’ earnings. The lowest EPS estimate is $1.00 and the highest is $1.02. Raytheon Technologies reported earnings of $0.90 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The company is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Raytheon Technologies will report full-year earnings of $4.79 per share for the current financial year, with EPS estimates ranging from $4.70 to $4.92. For the next year, analysts expect that the business will post earnings of $5.73 per share, with EPS estimates ranging from $5.45 to $5.95. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Raytheon Technologies.

Raytheon Technologies (NYSE:RTXGet Rating) last posted its earnings results on Tuesday, January 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.07. Raytheon Technologies had a net margin of 6.00% and a return on equity of 8.78%. The business had revenue of $17.04 billion for the quarter, compared to analysts’ expectations of $17.28 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.

RTX has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Raytheon Technologies in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Morgan Stanley increased their target price on shares of Raytheon Technologies from $118.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. Royal Bank of Canada assumed coverage on shares of Raytheon Technologies in a research report on Friday, April 8th. They set an “outperform” rating and a $125.00 price objective on the stock. Robert W. Baird raised their price objective on shares of Raytheon Technologies from $100.00 to $106.00 in a research report on Wednesday, January 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Raytheon Technologies from $97.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 26th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $105.36.

NYSE RTX opened at $104.55 on Wednesday. Raytheon Technologies has a 1 year low of $76.07 and a 1 year high of $105.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 0.93. The stock has a market capitalization of $155.81 billion, a PE ratio of 40.68, a P/E/G ratio of 2.14 and a beta of 1.24. The company’s 50 day simple moving average is $98.81 and its two-hundred day simple moving average is $91.92.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Friday, February 25th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, February 24th. Raytheon Technologies’s dividend payout ratio is currently 79.38%.

In other Raytheon Technologies news, EVP Michael R. Dumais sold 7,443 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $101.45, for a total value of $755,092.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wesley D. Kremer sold 15,083 shares of the firm’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $93.92, for a total transaction of $1,416,595.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,749 shares of company stock worth $3,344,416. 0.11% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. NN Investment Partners Holdings N.V. boosted its stake in shares of Raytheon Technologies by 372.2% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 305,841 shares of the company’s stock valued at $26,321,000 after purchasing an additional 241,070 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Raytheon Technologies by 26.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 112,464 shares of the company’s stock valued at $9,678,000 after purchasing an additional 23,852 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Raytheon Technologies during the 4th quarter valued at about $72,853,000. Allied Investment Advisors LLC boosted its stake in shares of Raytheon Technologies by 2.1% during the 4th quarter. Allied Investment Advisors LLC now owns 79,851 shares of the company’s stock valued at $6,872,000 after purchasing an additional 1,664 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in shares of Raytheon Technologies by 28.0% during the 3rd quarter. Tredje AP fonden now owns 137,209 shares of the company’s stock valued at $11,794,000 after purchasing an additional 30,000 shares in the last quarter. 78.57% of the stock is currently owned by institutional investors and hedge funds.

Raytheon Technologies Company Profile (Get Rating)

Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

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