RTX (NYSE:RTX – Get Free Report) updated its FY 2023 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.95-$5.05 for the period, compared to the consensus estimate of $5.01. The company issued revenue guidance of $67.50 billion-$68.50 billion, compared to the consensus revenue estimate of $73.60 billion. RTX also updated its FY23 guidance to $4.95-5.05 EPS.
RTX Stock Down 2.7 %
NYSE RTX opened at $81.25 on Monday. The stock’s 50 day moving average is $89.41 and its 200 day moving average is $94.84. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX has a 12 month low of $80.27 and a 12 month high of $108.84. The stock has a market cap of $118.26 billion, a PE ratio of 22.14, a P/E/G ratio of 2.14 and a beta of 0.97.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. RTX had a return on equity of 9.98% and a net margin of 7.88%. The company had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $17.68 billion. During the same period in the previous year, the firm earned $1.16 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Research analysts predict that RTX will post 5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Hedge Funds Weigh In On RTX
Hedge funds have recently bought and sold shares of the business. Cibc World Markets Corp grew its position in shares of RTX by 70.1% during the 1st quarter. Cibc World Markets Corp now owns 90,728 shares of the company’s stock worth $8,988,000 after buying an additional 37,375 shares in the last quarter. Royal London Asset Management Ltd. grew its position in shares of RTX by 0.6% during the 1st quarter. Royal London Asset Management Ltd. now owns 532,222 shares of the company’s stock worth $52,733,000 after buying an additional 2,915 shares in the last quarter. Federated Hermes Inc. grew its position in shares of RTX by 7.9% during the 1st quarter. Federated Hermes Inc. now owns 14,012 shares of the company’s stock worth $1,388,000 after buying an additional 1,031 shares in the last quarter. Equitable Holdings Inc. grew its position in shares of RTX by 19.2% during the 1st quarter. Equitable Holdings Inc. now owns 11,200 shares of the company’s stock worth $1,110,000 after buying an additional 1,803 shares in the last quarter. Finally, Wsfs Capital Management LLC bought a new position in shares of RTX during the 1st quarter worth $207,000. Institutional investors own 79.06% of the company’s stock.
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
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