RTX (RTX) to Release Earnings on Tuesday

RTX (NYSE:RTX) will likely be announcing its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $20,580,450.42 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. On average, analysts expect RTX to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RTX Price Performance

NYSE:RTX opened at $121.30 on Tuesday. RTX has a 52-week low of $84.43 and a 52-week high of $128.70. The company has a market cap of $161.45 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s 50-day simple moving average is $118.03 and its 200 day simple moving average is $117.84.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

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.