RTX (NYSE:RTX) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

RTX (NYSE:RTX) posted its quarterly earnings results on Tuesday. The company reported $1.56 earnings per share for the quarter, topping 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 firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. RTX updated its FY 2025 guidance to 5.800-5.950 EPS.

RTX Trading Down 0.3%

Shares of NYSE RTX traded down $0.47 during midday trading on Thursday, hitting $156.02. The company’s stock had a trading volume of 1,247,497 shares, compared to its average volume of 5,415,154. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $142.15 and its two-hundred day moving average is $132.07. RTX has a 12-month low of $109.45 and a 12-month high of $157.24. The firm has a market cap of $208.44 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.74%. RTX’s dividend payout ratio (DPR) is presently 79.77%.

Insider Activity at RTX

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RTX stock. Revolve Wealth Partners LLC increased its position in RTX Corporation (NYSE:RTX) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,873 shares of the company’s stock after acquiring 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 (SEC). Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RTX shares. Sanford C. Bernstein set a $154.00 price objective on RTX and gave the company a “market perform” rating in a research report on Friday, July 11th. Morgan Stanley upped their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday. Bank of America upped their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, DZ Bank raised RTX from a “sell” rating to a “hold” rating and set a $129.00 price target for the company in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.