RTX (NYSE:RTX) Posts Quarterly Earnings Results, Beats Expectations By $0.48 EPS

by · The Markets Daily

RTX (NYSE:RTX – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48, FiscalAI reports. RTX had a return on equity of 13.99% and a net margin of 8.28%. The business had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion.

RTX Price Performance

Shares of RTX stock opened at $192.51 on Tuesday. The business has a fifty day simple moving average of $199.07 and a 200 day simple moving average of $193.69. The company has a market cap of $259.46 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.50 and a beta of 0.31. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. RTX has a twelve month low of $159.45 and a twelve month high of $226.88.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a research note on Friday, July 24th. Sanford C. Bernstein reduced their price objective on shares of RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a research note on Thursday, October 15th. Rothschild & Co Redburn raised their target price on shares of RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on shares of RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group boosted their target price on shares of RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $226.75.

Read Our Latest Report on RTX

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,222 shares of company stock worth $6,362,003 over the last 90 days. Insiders own 0.10% of the company’s stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

  • Positive Sentiment: Raytheon, an RTX business, and Lockheed Martin received a $215 million U.S. Army contract through their Javelin Joint Venture to produce Lightweight Command Launch Units. The next-generation launchers will replace legacy units and support continued demand for RTX’s defense systems. U.S. Army awards Javelin Joint Venture $215 million contract for Lightweight Command Launch Unit production
  • Neutral Sentiment: RTX is scheduled to report quarterly results, making earnings, full-year guidance and aerospace demand the key near-term catalysts. The company previously exceeded consensus estimates and raised its outlook, so investors may already expect another strong report; failure to raise guidance could weigh on the stock. GE Aerospace and RTX Earnings Preview
  • Neutral Sentiment: Several articles discuss Nvidia’s RTX 5090, RTX 5070 Ti, RTX 6060 and RTX Spark products. These are Nvidia graphics products—not RTX Corporation businesses—and therefore have no direct effect on RTX Corporation’s earnings or valuation. Nvidia says the RTX 5090 isn’t discontinued
  • Negative Sentiment: With RTX shares trading above historical valuation levels and investors positioned for continued earnings momentum, the upcoming report carries elevated expectations. Any weaker-than-expected results, cautious aerospace commentary or lack of additional guidance improvement could pressure the stock.

RTX Company Profile

(Get Free Report)

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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