RTX (former Raytheon Technologies)

Re: Raytheon (RTN)

Postby winston » Thu Jul 06, 2017 10:38 am

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Shares of defense contractor and missile developer Raytheon Company (NYSE:RTN) have surged up and out of a three-month consolidation range to continue a massive uptrend that’s been in place since 2011, which shares rising more than fourfold.

The consistency has been impressive: Shareholders haven’t suffered the indignity of a drop below the 200-day moving average since the summer of 2015.

The company will next report results on July 27 before the bell. Analysts are looking for earnings of $1.75 per share on revenues of $6.2 billion.

The company last reported on April 27 with earnings of $1.73 per share beating estimates by 13 cents on a 3.4% rise in revenue from the year ago period.

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Re: Raytheon (RTN)

Postby winston » Sat Aug 26, 2017 7:45 pm

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Defense Stocks Set to Soar: Raytheon (RTN)

Raytheon Company (NYSE:RTN) reported a second-quarter earnings beat on July 27.

Earnings of $1.89 a share (versus $2.41 a share last year) came in ahead of consensus of $1.76 a share on revenue of $6.28 billion, also above consensus of $6.23 billion.

Looking forward, management sees full-year sales of $25.1-$25.6 billion compared to previous guidance of $24.9-$25.4 billion.

With RTN shares holding well above their 50- and 200-day moving averages, the technicals are also shaping up nicely.

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Re: Raytheon (RTN)

Postby winston » Sat Sep 09, 2017 9:06 pm

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Raytheon Co. (NYSE: RTN) is our play for the trend of war, terrorism, and ugliness.

Raytheon is a leader in the defense industry with billions in contracts with the U.S. government and other countries across the world. That means if the market falls, Raytheon is going to continue to excel over the long term.

Raytheon has billion-dollar contracts with the U.S. government, but it also has a diverse customer base.

International customers make up just under half of its business. That means even if a few countries cut defense spending during an economic downturn, RTN still has plenty of other customers to help it weather the storm.

But RTN’s real allure as an Unstoppable Trend pick is the fact that war is a reality of the world. For instance, as tensions rise abroad, the United States is more likely to need more weapons and equipment.

When the United States launched a missile strike on a Syrian airbase on April 7, Raytheon’s stock jumped more than 2%, since its missiles were used.

RTN currently trades at $181.41 a share and pays a 1.76% dividend yield. RTN is up 27.2% this year.

Source: Money Morning
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Re: Raytheon (RTN)

Postby winston » Thu Feb 01, 2018 8:46 pm

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WATCH THIS 'OFFENSE' STOCK WHEN TENSIONS RUN HIGH

Today's chart highlights the potential of defense stocks...

In the past, we've noted that the U.S. is constantly involved in military action. Defense contractors supply the weapons and technology needed to fight these battles...

And with so much government spending on foreign conflicts, we've said these companies might as well be called "offense" contractors. Right now, one military giant is riding this trend...

We're talking about Raytheon (RTN). This $61 billion company makes precision weapons, military electronics, and other defense products. And the business of war is going strong... Raytheon recently reported its 2017 annual revenue increased 5% over the year before.

In the fourth quarter alone, Raytheon drew around $6.8 billion in net sales – up 8% from the same quarter in 2016.

As you can see in the chart below, Raytheon shares are up nearly 45% over the past year, soaring to new record highs. As the government continues to spend more on defense, expect shares of this "offense" contractor to keep surging...

Source: Daily Wealth
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Re: Raytheon (RTN)

Postby winston » Tue Nov 13, 2018 11:02 am

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Defense stocks to buy: Raytheon Company (RTN)

Raytheon (NYSE:RTN) is another defense stock that is mired in the pool of murky headlines. This company is even cheaper than BA, as it sells at a P/E of 20. But RTN stock is not fairing as well.

It is almost flat for the same period. This makes it a good choice for a comeback rally once the leaders come to terms.

The last week of October was brutal to this stock. It collapsed 12% around its earnings event. This is despite the fact that the company beat profits and raised guidance.

But the selling was overdone and evidence to it is the sharp V-shaped recovery. Technically, there should be resistance here but this is a level that the company’s performance earned and will eventually recover.

From there, the bulls can remount their rebound efforts. The $180-per-share-zone is a long-term consolidation area and those usually provide support on the way down.

Source: Investor Place
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Re: Raytheon (RTN)

Postby winston » Thu Nov 22, 2018 1:58 pm

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Best Stocks to Buy: Raytheon (RTN)

Defense giant Raytheon Company (NYSE:RTN) is the world’s largest producer of guided missiles. As with Boeing, you may be concerned that this stock would suffer in the event of a trade war. However, you can rest easy.

According to research firm Fundstrat, it actually has a trade-war exposure percentage of 35.2% (again, anything under 40% is considered low). And from a Street perspective, the outlook on RTN is also very bullish right now.

“Strong broad order momentum, a large Patriot backlog, and untapped financial firepower give RTN extended EPS and cash flow per share growth potential” cheers five-star Cowen & Co. analyst Cai Rumohr.

He notes that the Harpoon replacement missile bid, a massive $8 billion opportunity, could be decided as soon as fall 2018.

With a strong outlook for 2018 and the subsequent years, RTN has received four buy ratings from the best analysts in the last three months. In this same period, two analysts have remained on the sidelines. The average analyst price target indicates 27% upside potential from the current share price.

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Re: Raytheon (RTN)

Postby winston » Tue Jan 08, 2019 11:05 pm

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Raytheon

This company has a diversified mix of business and remains a defense favorite at Jefferies. Raytheon Co. (NYSE: RTN) is an industry leader in defense, government electronics, space, information technology and technical services.

The company operates in four principal business segments: Integrated Defense Systems, Intelligence, Information and Services, Missile Systems, and Space and Airborne Systems.

Top Wall Street analysts feel that the company could be one of the biggest winners as the global threat environment has been heightened substantially this year, and with 31% of total sales from international, the prospects remain very positive.

Many cite the Patriot Missile deal signed with Poland as a good example, which could propel 2018 and beyond earnings.

In addition, many think Raytheon has the balance sheet capacity to pre-fund its pension to take advantage of the currently higher tax deduction, which could eliminate or reduce mandatory pension funding and provide a lift to 2019 free cash flow and earnings. It is set up for continued strong orders from the wave of recent foreign military sales approvals and strong pipeline of large international missile defense projects.

The analyst said this about the defense giant:

Raytheon posted a framework for 2019 growth that underlines the value in the portfolio. Management expects revenues to grow 6-8% next year which is 1.5-points above the analysts initial expectations. In their view, the growth is supported by bookings activity and a strong backlog (up 9% year-to-date).

Shareholders receive a 2.23% dividend. The $240 Jefferies price objective is well above the $217.71 consensus figure. Shares were last seen at $155.36.

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Re: Raytheon (RTN)

Postby winston » Tue Oct 29, 2019 7:37 pm

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THE TOOLS OF WAR ARE STILL IN DEMAND

Today, we're highlighting the gains that are possible by investing in "offense" contractors...

Regular readers know we've written about the U.S.'s constant military presence across the world. The military needs someone to supply its weapons and technology. That's where defense contractors come in...

And with a U.S. defense budget of $738 billion for 2020, these companies might as well be called "offense" contractors. Today, we're looking at one of the best in the business...

Raytheon (RTN) is a $60 billion supplier of military electronics, command systems, and precision weapons. And it consistently ranks in the top 10 of the Pentagon's prime contractors.

So, when the U.S. military needs equipment, Raytheon is usually in the room. In the most recent quarter, Raytheon reported record sales of $7.4 billion, up 9.4% from the same quarter a year ago.

As you can see in today's chart, RTN shares have soared in the last couple of months. The stock is up around 40% so far in 2019, and it recently hit a new 52-week high.

As long as the military still needs essential support, this stock should continue higher...

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Re: Raytheon (RTN)

Postby winston » Thu Oct 08, 2020 10:57 am

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Value Stocks to Buy: Raytheon Technologies (RTX)

With Trump's no-filter approach, especially with big boy adversaries like China, the long-term case for Raytheon Technologies improves substantially. However, RTX stock hasn’t looked too hot recently.

Biden might even seek a reset in relations with China, which isn’t ideal for RTX stock.

Still, I think Raytheon is one of the underappreciated value stocks to buy.

After all, Democrats are known to get scrappy with their foreign relations, which cynically supports the military industrial complex. Thus, people are not understanding the upside potential for Raytheon and its ilk.

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Re: Raytheon (RTN)

Postby winston » Tue Nov 03, 2020 11:53 am

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Raytheon Technologies (RTX)

First up is Raytheon, a major research and manufacturing contractor for the US defense and aerospace industries.

This company produces many of the air-to-surface guided missiles and fighter aircraft radar systems used by the US Air Force.

The military tries to make the contracting process as varied as possible, but there are limited number of companies capable of producing high-end, modern hardware for the Pentagon – and Raytheon benefits from being part of a small club.

A combination of military retrenchment and the ongoing coronavirus crisis pushed Raytheon’s revenues down in Q1, and both revenues and earnings down in Q2.

The third quarter, however, saw a bounce back as EPS jumped 45% to 58 cents. It’s important to note that RTX has beaten the quarterly earnings forecasts consistently, going back two years.

Along with the quarterly earnings, Raytheon announced its dividend payment, at 47.5 cents per common share. This is the third quarter in a row with the dividend at this level; the company reduced the payment earlier this year, to keep it affordable when the share price fell.

RTX’s dividend gives a yield of 3.5%, nearly double the Industrial Goods sector average for peer companies.

Turning to the insiders, we see two big purchases in the last few days. First, President and CEO Gregory Hayes laid down $3.35 million for a bloc of 61,406 shares in his company. The second large buy was from Thomas Kennedy, who’s 19,000 share purchase cost an estimated $999,800. These buys are a show of confidence in the company, coming the day after the Q3 earnings release.

Covering Raytheon for RBC Capital, analyst Michael Eisen noted, “We believe the company is executing well with what is within its control, delivering on cost take out, synergy realization, and FCF generation…”

Looking at the details, and the company strengths, Eisen adds, “…we view the company’s book of business as one of the most attractive under coverage with heavy alignment with the fastest and most supported missile, missile defense, cyber, and space systems.”

In line with his comments, Eisen gives Raytheon an Outperform (i.e. Buy) rating, and his $68 price target suggests a 22% upside for the stock.

Overall, Raytheon’s Strong Buy analyst consensus rating is unanimous, based on 7 recent Buy reviews. The stock is selling for $55.61 and the average price target of $76.71 implies a one-year upside of 38%.

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