RTX (NYSE:RTX – Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.100-6.200 for the period, compared to the consensus estimate of 5.950. The company issued revenue guidance of $86.5 billion-$87.0 billion, compared to the consensus revenue estimate of $85.7 billion.
RTX Stock Up 2.8%
Shares of NYSE RTX opened at $177.86 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX has a 52 week low of $112.27 and a 52 week high of $178.76. The stock has a market capitalization of $238.07 billion, a P/E ratio of 36.52, a PEG ratio of 3.10 and a beta of 0.66. The stock’s fifty day moving average is $160.11 and its 200 day moving average is $146.72.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.45% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the business earned $1.45 earnings per share. RTX’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Insider Activity
In other news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company’s stock.
Institutional Investors Weigh In On RTX
Institutional investors and hedge funds have recently made changes to their positions in the business. WFA of San Diego LLC bought a new stake in shares of RTX during the 2nd quarter valued at about $234,000. Palisade Capital Management LP bought a new stake in shares of RTX during the 2nd quarter valued at about $258,000. Garden State Investment Advisory Services LLC boosted its position in shares of RTX by 51.4% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 2,284 shares of the company’s stock valued at $334,000 after purchasing an additional 775 shares in the last quarter. Manhattan West Asset Management LLC boosted its holdings in RTX by 16.6% in the second quarter. Manhattan West Asset Management LLC now owns 2,296 shares of the company’s stock worth $335,000 after acquiring an additional 327 shares in the last quarter. Finally, Fairfield Bush & CO. boosted its holdings in RTX by 14.8% in the second quarter. Fairfield Bush & CO. now owns 2,329 shares of the company’s stock worth $340,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than RTX
- Stock Splits, Do They Really Impact Investors?
- Breakout Momentum Plays You Need to Know About
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Quanta Services: The Backbone of the AI Data Center Push
- What is a Bond Market Holiday? How to Invest and Trade
- Archer’s Recent String of Victories Signals a New Phase of Growth
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.