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

RTX (NYSE:RTX) released its quarterly earnings data on Tuesday. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48, FiscalAI reports. The company had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.

RTX Trading Down 0.7%

NYSE RTX opened at $192.51 on Tuesday. The business’s 50-day moving average price is $199.07 and its two-hundred day moving average price is $193.69. RTX has a 12 month low of $159.45 and a 12 month high of $226.88. The firm has a market capitalization of $259.46 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.31. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at RTX

In other RTX news, insider Troy Brunk sold 8,557 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the transaction, the vice president owned 20,099 shares in the company, valued at $4,360,076.07. This trade represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is currently owned by company insiders.

More RTX News

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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded RTX from a “buy” rating to a “hold” rating and set a $208.00 target price for the company. in a research report on Tuesday, October 13th. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. Jefferies Financial Group set a $250.00 price objective on RTX and gave the company a “buy” rating in a research note on Sunday, July 26th. UBS Group raised their price objective on shares of RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Eighteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $226.75.

About RTX

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.