Company Update (NYSE:RTN): Raytheon awarded $255 million for DDG 1002

[PR Newswire] – TEWKSBURY, Mass., Jan. 4, 2016 /PRNewswire/ — Raytheon Company (NYSE: RTN) has been awarded a $255,281,689 fixed-price-incentive firm target modification to a previously awarded contract to procure mission … Read more on this. Raytheon Company (RTN) , valued at $36.81B, finished at $123.86. During today’s session, RTN traded between $122.24 to $122.99 with a one year range of $95.32 to $129.99. Raytheon (RTN) shares are currently priced at 18.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x earnings multiple for the same period. And for income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.15%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.78 per share, which would be $0.08 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.69 would be a $0.28 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.29 Billion. If reported, that would be a 2.44% increase over the year-ago quarter. In terms of ratings, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. The average price target for RTN shares by the analysts covering the stock is $134.38, which is 8.49% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Company Update: Raytheon Co (NYSE:RTN) – U.S. Navy awards Raytheon $159 million for Phalanx production Stock Update: Raytheon Co (NYSE:RTN) – Raytheon holds 5 million training events, saves $400 million Company Update: Raytheon Co (NYSE:RTN) – Raytheon receives $52 million award to continue JPALS test and analysis program