Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Raytheon (RTN) Stock Price

News coverage about Raytheon (NYSE:RTN) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Raytheon earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 45.011295576086 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Raytheon (NYSE:RTN) traded up $0.13 during midday trading on Friday, reaching $188.78. 1,005,200 shares of the company’s stock were exchanged, compared to its average volume of 1,460,844. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.55. The firm has a market capitalization of $54,536.26, a PE ratio of 24.95, a PEG ratio of 2.56 and a beta of 0.58. Raytheon has a 1 year low of $141.16 and a 1 year high of $191.36.

Raytheon (NYSE:RTN) last released its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.07. Raytheon had a net margin of 8.77% and a return on equity of 20.98%. The company had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the firm posted $1.79 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. analysts expect that Raytheon will post 7.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 3rd will be given a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Tuesday, January 2nd. Raytheon’s dividend payout ratio (DPR) is currently 42.88%.

Raytheon declared that its Board of Directors has initiated a share buyback program on Wednesday, November 15th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have recently issued reports on RTN shares. Royal Bank of Canada set a $193.00 price objective on shares of Raytheon and gave the stock a “buy” rating in a research report on Monday, August 28th. BidaskClub lowered shares of Raytheon from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Raytheon from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a report on Thursday, September 14th. ValuEngine upgraded shares of Raytheon from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Jefferies Group reiterated a “buy” rating and set a $190.00 price objective on shares of Raytheon in a research note on Friday, September 29th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $201.77.

In other news, Director Stephen J. Hadley sold 800 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $190.27, for a total value of $152,216.00. Following the sale, the director now owns 11,360 shares in the company, valued at approximately $2,161,467.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Frank R. Jimenez sold 650 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $187.27, for a total transaction of $121,725.50. The disclosure for this sale can be found here. Insiders have sold 1,545 shares of company stock worth $291,955 in the last ninety days. 0.19% of the stock is currently owned by insiders.

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Raytheon Company Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

Insider Buying and Selling by Quarter for Raytheon (NYSE:RTN)

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