Raytheon Technologies Corp (NYSE: RTX) has reported earnings for its second fiscal quarter (ending June 30) of $0.08 versus $0.91 for the same period a year ago — a decline of -91%. This result fell short of the consensus estimate of $1.29 by $-1.21. For the latest four quarters through June 30, E.P.S. were $1.74 versus $3.80 for the same period a year ago — a decline of -54%.
Recent Price Action
On 7/25/24, Raytheon Technologies Corp (NYSE: RTX) stock enjoyed a very large increase of 8.2%, closing at $113.47. Moreover, exceptionally high trading volume at 235% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.1% during the last week.
Current PriceTarget Research Rating
RTX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Raytheon Technologies has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Raytheon Technologies has a neutral Appreciation Score of 41 but a very high Power Rating of 88, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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