|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's range||85.12 - 92.23|
|52-week range||48.05 - 158.44|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||13.42|
|Earnings date||21 Jul 2020 - 31 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||144.47|
The blockbuster merger that created it was designed to stabilize the business against cyclical downturns -- though nobody was expecting one like this.
The collapse of air travel has dragged down the commercial aerospace industry, but some companies in the sector are better positioned ahead of its eventual recovery.
The defense sector hadn't seen a megamerger since the 1990s, but that all changed last month when the aerospace arm of United Technologies combined with Raytheon to form Raytheon Technologies. The deal vaulted the new company above industry leader Lockheed Martin in terms of revenue, creating a new heavyweight in the aerospace world. Lockheed Martin stock in recent years has been a standout performer among defense primes, and bigger does not always mean better.
We study the impact of a few big earnings releases in the aerospace and defence industry on ETFs with decent exposure to these companies.
Over the past five trading sessions, the defense biggies put up a mixed show.While General Dynamics gained the most, with its share price rising 5.9%, L3Harris lost the most.
Raytheon Technologies (NYSE: RTX), the company formed via the merger between defense contractor Raytheon and the aerospace unit of United Technologies, officially began trading on April 3. When United Technologies and Raytheon announced plans to merge in June 2019, the deal was greeted with howls from investors in both companies. United Technologies had built a large and profitable business largely serving the commercial aerospace sector and had benefited from a decade-long surge in new plane orders.
Raytheon Technologies beat estimates in its inaugural report, and Costco's April sales numbers may be a preview of what's in store for Walmart.
The company's defense unit, its biggest, is expected to grow in mid-single digits this year, O'Brien said, even as growth in the commercial aerospace business declines due to the coronavirus crisis. "Given the growth profile, the profitability that we have in defense, along with the strong historic cash flow generation, that's going to continue into this year," said O'Brien.
Raytheon Technologies (RTX) delivered earnings and revenue surprises of 60.36% and 0.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Although defense stocks were on a growth trajectory in the past, effects of the coronavirus pandemic might have weighed on their Q1 performance
Raytheon Technologies (RTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Highlights: Boeing, General Electric, Raytheon Technologies, Rolls-Royce and Safran
Raytheon Technologies (RTX) is born as United Technologies' aerospace business and Raytheon Company combine. The resultant company will be one of the big players in the defense and government markets.