There's uncertainty around the company's earnings potential from two key sources.RBC Capital recently raised its price target on aerospace and defense giant RTX (RTX -0.18%) to $96 from $88 while maintaining a "sector perform" rating on the stock. With the stock trading around $101, the updated price target suggests a 5.3% price drop over the next 12 months. I would also argue that a "sector perform" rating is, de facto, a sell rating. You can buy the sector through an ETF, so there's no need to take on sto ...

Expansion will support key missile programs including Glide Phase InterceptorHUNTSVILLE, Ala., April 23, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, recently broke ground on a $115 million, 26,000 square-foot expansion of its Redstone Raytheon Missile Integration Facility, which will increase the factory's space for integrating and delivering on critical defense programs by more than 50 percent.The expansion will also bring an estimated 185 new jobs to the area, growing RTX's employee footpr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-00812 ____________________________________ RTX C ...

gsmudger/iStock Editorial via Getty ImagesIntroduction It's time to do one of my favorite things - discuss RTX Corporation (NYSE:RTX). While I'm writing this, the company, formerly known as Raytheon Technologies, is my fifth-largest dividend (growth) investment and one of the most important holdings across all family portfolios. Although I have been a buyer since the end of the pandemic, I started to become a very aggressive buyer last year when RTX was hit with issues related to its GTF engine. Current ...

With that, I will turn the call over to Mr. Hayes. Good day, ladies and gentlemen, and welcome to the RTX First Quarter 2024 Earnings Conference Call. My name is Latif, and I will be your operator for today. As a reminder, this conference is being recorded for replay purposes. So as we move forward, our focus will continue to be transforming RTX from the best portfolio in A&D into the best company in A&D. This means being recognized by our customers as a trusted partner that executes on its commitments, it ...

RTX (RTX) reported $19.31 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.2%. EPS of $1.34 for the same period compares to $1.22 a year ago.The reported revenue represents a surprise of +4.85% over the Zacks Consensus Estimate of $18.41 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +8.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ne ...

1 For the full non-GAAP reconciliation of our segment sales and operating profit, refer to slides 20-22. For the full reconciliation of our non-operating results, net income and EPS refer to slide 24. 1 Refer to slides 20-22 for individual net sales and operating profit adjustments (Unaudited) © 2024 RTX Corporation. All rights reserved. % RTX collins aerospace | pratt & Whitney | raytheon Forward-Looking Statements 1 Note: All results and expectations in the presentation reflect continuing operations unles ...

RTX (RTX) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.94%. A quarter ago, it was expected that this an aerospace and defense company would post earnings of $1.25 per share when it actually produced earnings of $1.29, delivering a surprise of 3.20%.Over the last four quarters, th ...

RTX Corp (NYSE: RTX) is trading down in premarket on Tuesday even though it came in ahead of Street estimates for its first financial quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is RTX stock down on Tuesday?Copy link to sectionInvestors are not entirely satisfied perhaps because the aerospace giant did not raise its guidance for the full year.  RTX continues to see its sales fall between $78 billion and $79 billion on up to $5.40 of p ...

Exhibit 99 Media Contact 202.384.2474 Investor Contact 781.522.5123 RTX Reports Q1 2024 Results RTX delivers strong 12% sales growth; Q1 book-to-bill of 1.34 with an RTX record backlog of $202B; Reaffirms full year outlook ARLINGTON, Va., April 23, 2024 – RTX (NYSE: RTX) reported first quarter 2024 results. First quarter 2024 • Sales of $19.3 billion, up 12 percent versus prior year on a reported and organic* basis • GAAP EPS of $1.28, up 32 percent versus prior year, which included $0.29 of acquisition acc ...