Revenue Update on Raytheon Company(NYSE:RTN)

Raytheon Company(NYSE:RTN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $6.04B. Analysts estimated a revenue of $5.83B. Earnings per share were $1.85. Analysts had estimated an EPS of $1.65.

In a different note, On May 2, 2016, Goldman Sachs said it Maintains its rating on Raytheon Company. In the research note, the firm Raises the price-target to $130.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 2, 2016, Bernstein said it Maintains its rating on Raytheon Company. In the research note, the firm Raises the price-target to $148.00 per share. The shares have been rated ‘Outperform’ by the firm.

Raytheon Company (RTN) shares turned negative on Thursdays trading session with the shares closing down -0.21 points or -0.15% at a volume of 13,65,909. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $141.43. The peak price level was also seen at $141.43 while the days lowest was $140.16. Finally the shares closed at $140.47. The 52-week high of the shares is $142.145 while the 52-week low is $96.68. According to the latest information available, the market cap of the company is $41,452 M.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Michael J Wood (VP, Controller & CAO) sold 2,582 shares at $133.35 per share price.Also, On Jun 8, 2016, Rebecca R Rhoads (Vice President) sold 4,781 shares at $133.80 per share price.On Jun 8, 2016, Anthony F O’brien (Vice President and CFO) sold 1,238 shares at $133.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Raytheon Company together with its subsidiaries is a technology Company that specializes in defense and other Government markets. The Company develops products services and solutions in markets: sensing; effects; command control communications and intelligence (C3I); and mission support as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence Information and Services; Missile Systems and Space and Airborne Systems. The Company serves both domestic and international customers as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Company’s products include Global Integrated Sensors Integrated Air & Missile Defense Cybersecurity and Special Missions Global Training Solutions Land Warfare Systems Advanced Missile Systems Tactical Airborne Systems Advanced Missile Systems and Electronic Warfare Systems.

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