News to Watch: Raytheon Company (NYSE:RTN)

 Raytheon Company (NYSE:RTN) spotted trading -5.37% off 52-week high price. On the other end, the stock has been noted 34.15% away from the low price over the last 52-weeks. The stock changed -2.28% to recent value of $220.94. The stock transacted 2211605 shares during most recent day however it has an average volume of 1.41M shares. The company has 279.10M of outstanding shares and 278.07M shares were floated in the market.  

On Jan. 30, 2020, Raytheon Company (NYSE:RTN) declared net sales for the fourth quarter 2019 of $7.8 billion, up 6.5 percent compared to $7.4 billion in the fourth quarter 2018. Fourth quarter 2019 EPS from continuing operations was $3.16 compared to $2.93 in the fourth quarter 2018. The increase in the fourth quarter 2019 EPS from continuing operations was primarily driven by operational improvements.

Net sales in 2019 were $29.2 billion, up 7.8 percent compared to $27.1 billion in 2018. Full-year 2019 EPS from continuing operations was $11.92 compared to $10.15 for the full-year 2018.

The previously announced merger with United Technologies is targeted to close early in the second quarter of 2020, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, as well as completion by United Technologies of the separation of its Otis and Carrier businesses.

Raytheon had a very successful year in 2019, delivering record bookings, backlog, sales and operating cash flow, said Thomas A. Kennedy, Raytheon Chairman and CEO. Our results reflect the continued hard work and dedication of the Raytheon team and position us well for the future.

 Its earnings per share (EPS) expected to touch remained 34.80% for this year while earning per share for the next 5-years is expected to reach at 12.91%. RTN has a gross margin of 26.90% and an operating margin of 16.40% while its profit margin remained 11.50% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.22% from the mean of 20 days, -0.38% from mean of 50 days SMA and performed 12.46% from mean of 200 days price. Company’s performance for the week was -4.45%, 0.55% for month and YTD performance remained 0.55%.

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