RTX (RTX) Projected to Post Earnings on Tuesday

RTX (NYSE:RTX - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect RTX to post earnings of $1.35 per share and revenue of $19.80 billion for the quarter. RTX has set its FY 2025 guidance at 6.000-6.150 EPS.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. On average, analysts expect RTX to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

RTX Trading Up 5.9 %

RTX stock traded up $6.75 during trading hours on Wednesday, hitting $120.50. The stock had a trading volume of 10,455,293 shares, compared to its average volume of 5,513,524. The stock has a market cap of $160.88 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.11 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business's 50 day simple moving average is $128.29 and its 200-day simple moving average is $123.75. RTX has a one year low of $99.07 and a one year high of $136.17.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX's dividend payout ratio is presently 70.99%.

Insider Transactions at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This trade represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock worth $10,309,302 in the last ninety days. Company insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On RTX

A hedge fund recently raised its stake in RTX stock. Brighton Jones LLC lifted its holdings in RTX Co. (NYSE:RTX - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,018 shares of the company's stock after acquiring an additional 3,332 shares during the quarter. Brighton Jones LLC's holdings in RTX were worth $1,969,000 at the end of the most recent quarter. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RTX. Susquehanna dropped their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 price target on the stock in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $163.53.

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.