RTX (NYSE:RTX) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

RTX (NYSE:RTX) posted its quarterly earnings data on Tuesday. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11, Zacks reports. RTX had a return on equity of 12.89% and a net margin of 7.35%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the business earned $1.41 earnings per share. RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX updated its FY 2025 guidance to 5.800-5.950 EPS.

RTX Trading Up 0.3%

RTX stock traded up $0.47 during midday trading on Thursday, hitting $156.96. 759,404 shares of the stock were exchanged, compared to its average volume of 5,411,166. The stock has a market capitalization of $209.69 billion, a PE ratio of 34.51, a P/E/G ratio of 2.79 and a beta of 0.64. The company has a fifty day simple moving average of $142.15 and a two-hundred day simple moving average of $132.07. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX has a 52 week low of $109.45 and a 52 week high of $157.24.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.73%. RTX’s dividend payout ratio (DPR) is presently 79.77%.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RTX

An institutional investor recently raised its position in RTX stock. Revolve Wealth Partners LLC increased its stake in RTX Corporation (NYSE:RTX) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,873 shares of the company’s stock after purchasing an additional 159 shares during the period. Revolve Wealth Partners LLC’s holdings in RTX were worth $564,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RTX shares. Wells Fargo & Company boosted their price target on RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, April 15th. Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna raised their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Sanford C. Bernstein set a $154.00 price objective on RTX and gave the company a “market perform” rating in a research note on Friday, July 11th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.67.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.