177.37 0.00 (0.00%)
After hours: 4:51PM EDT
|Bid||177.22 x 800|
|Ask||177.90 x 1100|
|Day's Range||174.22 - 182.00|
|52 Week Range||144.27 - 214.76|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||17.48|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||3.77 (2.07%)|
|1y Target Est||207.83|
Investors can expect another packed day of earnings on Thursday from heavyweights Amazon, Intel and Starbucks set to release results.
Raytheon wrapped up earnings from defense stocks with strong Q1 numbers after Northrop had mixed results and General Dynamics topped on profit and revenue.
Raytheon’s first quarter results were a net positive for the company, but it was the defense contractor’s reduced guidance on the margins of its missile business that dominated Thursday’s earnings call.
Shares of Raytheon Co slumped nearly 6 percent on Thursday after the U.S. weapons maker reported a jump in its quarterly profit but left its earnings outlook for the year unchanged. Raytheon, which makes the Tomahawk missile, and other U.S. weapons makers have been expected to benefit from higher defense spending under U.S. President Donald Trump as well as strong global demand for advanced weapons and munitions. The company reaffirmed it expected earnings per share from continuing operations to be between $11.40 and $11.60 in 2019.
Raytheon shares were down 5% in trading Thursday after the defense company reported a first-quarter earnings beat driven by higher weapons sales thanks to increased defense spending under President Donald Trump.
Defense contractor Raytheon Co. shares jumped 1.6% in premarket trade Thursday, after the company beat earnings estimates for the first quarter. Waltham, Mass.-based Raytheon said it had net income of $781 million, or $2.77 a share, in the first quarter, up from $633 million, or $2.19 a share, in the year-earlier period. Adjusted per-share earnings also came to $2.77, ahead of the FactSet consensus of $2.47. Sales rose to $6.729 billion from $6.267 billion, also beating the $6.618 billion FactSet consensus. The company had bookings of $5.4 billion in the quarter, down from $6.3 billion a year ago. Its backlog stood at $41.073 billion compared with $42.420 billion a year ago. For the full year, the company is still expecting adjusted EPS of $11.40 to $11.60 and sales of $28.6 billion to $29.1 billion. The current FactSet consensus is for EPS of $11.61 and sales of $28.9 billion. Shares have fallen 13.2% in the last 12 months, while the S&P 500 has gained 10.9%.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $2.77. The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks ...
Tomahawk missile maker Raytheon Co on Thursday reported a better-than-expected first-quarter profit, driven by higher demand for its weapons from the United States and its allies. Waltham, Massachusetts-based Raytheon and other U.S. weapons makers are expected to benefit from higher U.S. defense spending under President Donald Trump as well as strong global demand for advanced weapons and munitions. Sales in the Raytheon's intelligence, information and services unit, it's second biggest by revenue, increased 12.3 percent to $1.78 billion in the quarter ended March 31, helped by higher revenue from 'classified programs'.
- Net sales of $6.7 billion , up 7.4 percent - EPS from continuing operations of $2.77 , up 25.9 percent - Increased annual dividend by 8.6 percent, as previously announced WALTHAM, Mass. , April 25, 2019 ...
Raytheon Co. has been blocked from selling precision-guided munitions kits to Saudi Arabia for more than a year now -- far longer than the normal hold for Congress to review an arms sale. Senator Bob Menendez, the ranking Democrat on the Foreign Relations Committee, says his April 2018 block on the order will continue until he sees evidence that this technology actually does reduce civilian casualties by turning gravity bombs into more precise “smart” bombs, as the administration claims.
Boeing's (BA) first-quarter 2019 results are likely to reflect lower costs pertaining to the KC-46 program, which in turn might boost its bottom line.
Under the DARPA Friend or Foe program, Raytheon is developing biosurveillance technology that detects bacterial pathogens as soon as or before they threaten the military and citizens. Current biosurveillance strategies are not effective on undiscovered bacterial strains or on bacteria engineered to evade detection. To overcome this problem, Friend or Foe will characterize bacteria quickly by examining its behavior.
ROCKET CENTER, W.Va., April 23, 2019 /PRNewswire/ -- Raytheon Company (RTN) completed a successful static test of the new DeepStrike® missile rocket motor, which moved the advanced, surface-to-surface weapon closer to its maiden flight test later this year. "Testing shows us how initial data assessments line up and validates them for the next phase in development," said Dr. Thomas Bussing, Raytheon Advanced Missile Systems vice president. The rocket motor test at Allegany Ballistics Laboratory in West Virginia is the latest in a series of milestones for the DeepStrike missile.
Boeing's (BA) commercial deliveries decline 19% year over year in first-quarter 2019, which in turn might weigh on its bottom-line performance.
Northrop Grumman's (NOC) Mission Systems unit is expected to witness revenue growth, as it continues to ramp up production in the SABR radar program.
General Dynamics (GD) expects to witness a rise in the deliveries of its G500s, starting from 2019, which should boost its Aerospace segment's top-line revenues.