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Market Update: Raytheon Co (NYSE:RTN) – Pie for Pi Day: Festivities serve up math and science fun to students nationwide

[PR Newswire] – WALTHAM, Mass., March 10, 2016 /PRNewswire/ — No matter how they slice it, it all adds up to fun for students learning the importance of math and science. On Pi Day, March 14 (for 3.14, the value of pi) Raytheon Company (RTN) is treating students to a celebration of the world’s most famous, never-ending number. Raytheon will deliver chocolate chip cookie pies to select Boys & Girls Clubs nationwide and celebrate the fun facts about the irrational, mathematical constant. Read more on this. Raytheon Company (RTN) , with a current market cap of $36.61B, began trading this morning at $122.52. A quick look at the market, the company’s stock traded between $121.96 and $123.11 and has traded between $95.32 and $129.99 over the past 12 months. Priced at 17.40x this year’s forecasted earnings, RTN shares are relatively inexpensive compared to the industry’s 30.25x forward p/e ratio. And for income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.14%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.39 per share, which would be $0.40 worse than the year-ago quarter and a $0.20 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.04 would be a $0.28 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.45 Billion. If realized, that would be a 3.02% increase over the year-ago quarter. More recently, Argus upgraded RTN from Hold to Buy (Nov 12, 2015). Previously, JP Morgan upgraded RTN from Neutral to Overweight. The average price target for RTN shares by the analysts covering the stock is $140.19, which is 14.42% above where the stock opened this morning. See more in (NYSE:RTN) Similar Articles: Market Update: Raytheon Co (NYSE:RTN) – Raytheon partners with Totara Learning to offer flexible, innovative learning management technology and services Stock Update (NYSE:RTN): Raytheon completes nationwide rollout of modernized National Weather Service data system Company Update: Raytheon Co (NYSE:RTN) – Raytheon recognizes 25 teachers for excellence in math and science
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