Average analyst estimates for Q1 call for sales expected to be $18.4B and EPS is expected to be $1.23. It has beaten estimates in eight straight quarters and we have no reason to expect problems. Guidance could be increased with higher defence spending. We think RTX is one of the top names in the defense sector which could continue to gain traction given the state of geopolitical affairs. RTX's valuation is also decent at 18.6x forward earnings.
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RTX Corporation is a OTC stock, trading under the symbol RTS-N on the (). It is usually referred to as or RTS-N
In the last year, 2 stock analysts published opinions about RTS-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for RTX Corporation.
RTX Corporation was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for RTX Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of RTX Corporation published on Stockchase.
On , RTX Corporation (RTS-N) stock closed at a price of $.
The decline could partially be attributed to news that broke on June 11, that a class action lawsuit was filed against Raytheon (now RTX) alleging that the company discriminates against job seekers who are 40 years or older in favour of recent graduates. RTX denied the allegations, but this could be a contributing factor to the slide. We do not see the lawsuit as overly significant right now and these types of cases generally can take a long time to settle. We do still consider it a good industrials stock and one of the top defense names.
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