Stock Update: Raytheon Co (NYSE:RTN) – Raytheon’s enhanced Coyote UAV flies into hurricanes for NOAA

[PR Newswire] – TUCSON, Ariz., Jan. 20, 2016 /PRNewswire/ — Raytheon Company (RTN) is providing its enhanced Coyote® Unmanned Air System to the National Oceanic and Atmospheric Administration for hurricane tracking and modeling, giving researchers an unprecedented perspective from inside storms that build in the Atlantic Ocean. The Coyote is a small, expendable UAS that can be tube-launched from a host vehicle on the ground or in the air. A team of NOAA and Raytheon scientists will use the latest version of Coyote to monitor the track and intensity of storms. Read more on this. Raytheon Company (RTN) , valued at $35.65B, started the session at $119.93. A quick look at the market, the company’s stock traded between $115.73 and $120.61 and has traded between $95.32 and $129.99 over the past 12 months. RTN shares are currently priced at 17.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.35x earnings multiple. The company pays shareholders $2.68 per share annually in dividends, yielding 2.21%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.80 per share, which would be $0.06 worse than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $6.70 is a $0.27 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.29 Billion. If realized, that would be a 2.44% increase over the year-ago quarter. Recently, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. Given all the information above, we should disclose to readers that the average price target is $136.63, which is 13.92% above than it opened this morning. See more in (NYSE:RTN) Similar Articles: Stock Update: Raytheon Co (NYSE:RTN) – Raytheon unveils next-gen TOW EagleFire launcher Company Update: Raytheon Co (NYSE:RTN) – New software flies high as US Navy, Raytheon complete Tomahawk flight test Stock Update: Raytheon Co (NYSE:RTN) – Raytheon CEO says hopeful about Congress reversing budget cuts