RTX Corporation (NYSE:RTX – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 20th will be given a dividend of $0.73 per share on Thursday, December 10th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 20th.
RTX has decreased its dividend by an average of 0.4% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. RTX has a payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RTX to earn $8.00 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 36.5%.
RTX Trading Up 2.1%
Shares of NYSE:RTX opened at $199.99 on Friday. The company’s fifty day simple moving average is $195.06 and its 200 day simple moving average is $195.52. RTX has a 12 month low of $166.74 and a 12 month high of $226.88. The firm has a market cap of $269.87 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 2.19 and a beta of 0.31. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44.
RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 EPS. As a group, research analysts forecast that RTX will post 7.66 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
RTX has been the topic of a number of recent analyst reports. Susquehanna boosted their target price on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. UBS Group increased their price objective on shares of RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Rothschild & Co Redburn lifted their target price on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.86.
Get Our Latest Analysis on RTX
RTX Company Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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