Raytheon Technologies (RTX) Scheduled to Post Earnings on Tuesday – MarketBeat

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Raytheon Technologies (NYSE:RTX – Get Rating) will be posting its quarterly earnings results before the market opens on Tuesday, July 26th. Analysts expect Raytheon Technologies to post earnings of $1.13 per share for the quarter. Raytheon Technologies has set its FY 2022 guidance at $4.600-$4.800 EPS and its FY22 guidance at $4.60-4.80 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Raytheon Technologies (NYSE:RTX – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.01 by $0.14. Raytheon Technologies had a net margin of 6.47% and a return on equity of 9.24%. The business had revenue of $15.72 billion for the quarter, compared to analysts’ expectations of $15.83 billion. During the same period in the previous year, the company posted $0.90 EPS. Raytheon Technologies’s revenue was up 3.0% on a year-over-year basis. On average, analysts expect Raytheon Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Raytheon Technologies Stock Performance

Shares of NYSE RTX opened at $89.80 on Tuesday. Raytheon Technologies has a one year low of $79.00 and a one year high of $106.02. The business’s 50-day moving average price is $93.60 and its two-hundred day moving average price is $95.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 0.88. The company has a market capitalization of $133.55 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11.

Raytheon Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 18th. Raytheon Technologies’s payout ratio is presently 78.85%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RTX shares. Argus raised their price target on shares of Raytheon Technologies from $100.00 to $112.00 in a report on Wednesday, April 27th. Royal Bank of Canada assumed coverage on Raytheon Technologies in a research note on Friday, April 8th. They set an “outperform” rating and a $125.00 price target for the company. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Cowen increased their price target on Raytheon Technologies from $115.00 to $120.00 in a report on Wednesday, April 27th. Finally, Cowen upped their price objective on shares of Raytheon Technologies from $115.00 to $120.00 in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.91.

Institutional Investors Weigh In On Raytheon Technologies

Several institutional investors and hedge funds have recently bought and sold shares of RTX. Capital World Investors raised its position in Raytheon Technologies by 32.8% in the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after purchasing an additional 2,256,475 shares in the last quarter. Royal Bank of Canada raised its stake in Raytheon Technologies by 4.7% during the first quarter. Royal Bank of Canada now owns 6,575,791 shares of the company’s stock worth $651,464,000 after acquiring an additional 294,366 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Raytheon Technologies by 137.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,110,424 shares of the company’s stock valued at $209,080,000 after acquiring an additional 1,220,826 shares during the period. First Trust Advisors LP boosted its stake in shares of Raytheon Technologies by 0.7% in the 1st quarter. First Trust Advisors LP now owns 835,343 shares of the company’s stock valued at $82,757,000 after purchasing an additional 5,569 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Raytheon Technologies by 8.6% during the 1st quarter. Mackenzie Financial Corp now owns 610,928 shares of the company’s stock valued at $60,525,000 after purchasing an additional 48,195 shares during the last quarter. Institutional investors own 79.56% of the company’s stock.

About Raytheon Technologies

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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.

Featured Articles

Earnings History for Raytheon Technologies (NYSE:RTX)
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