- RTX Corp raised its full-year adjusted EPS forecast to a range of $5.50 to $5.58, up from the previous projection of $5.35 to $5.45.
- The updated EPS forecast exceeds analyst estimates of $5.47.
- Adjusted sales forecast is now between $79.25 billion and $79.75 billion, with prior estimates between $78.75 billion and $79.5 billion.
- RTX’s adjusted sales forecast is slightly above the consensus estimate of $79.41 billion.
- Free cash flow expectation remains at about $4.7 billion, close to the estimated $4.74 billion.
- For the third quarter, adjusted EPS increased to $1.45 from $1.25 year-over-year, surpassing the estimate of $1.34.
- Sales for the third quarter reached $20.09 billion, marking a 49% year-over-year increase and exceeding the estimate of $19.83 billion.
- Collins Aerospace Systems reported a 6.7% year-over-year sales increase to $7.08 billion, slightly above the $7 billion estimate.
- Pratt & Whitney achieved sales of $7.24 billion.
- Raytheon’s sales were $6.39 billion, a 1.3% year-over-year decline, and below the estimate of $6.44 billion.
- RTX’s third-quarter operating cash flow was $2.5 billion, with free cash flow totaling $2 billion.
Raytheon Technologies on Smartkarma
Raytheon Technologies Corporation (RTX) has been the focus of analyst coverage on Smartkarma, with insights provided by Baptista Research. In a report titled “RTX Corporation: Expanding Market Presence in Defense and Commercial Aerospace! – Major Drivers,” the analysts highlighted the company’s strong performance in the second quarter of 2024. They noted double-digit top-line growth and expanded margins, indicating significant improvements in RTX’s operational and financial health. Despite facing challenges, the report emphasized the company’s strategic execution and commercial advancements that have enhanced its market position. However, concerns were raised about financial charges due to legal settlements and contract adjustments.
In another report by Baptista Research titled “RTX Corporation: These Are The 6 Pivotal Factors Impacting Its Performance In 2024 & Beyond! – Financial Forecasts,” the analysts discussed RTX’s strong start in the year, focusing on building a solid foundation for the future. The company’s efforts to transform its business units – Pratt & Whitney, Collins Aerospace, and Raytheon – into industry leaders capable of sustainable sales and profit growth were highlighted. The report also pointed out that RTX’s backlog has surpassed $200 billion, signaling robust market strength. Overall, analyst coverage on Smartkarma provides valuable insights into RTX’s performance, strategic initiatives, and market competitiveness.
A look at Raytheon Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Raytheon Technologies Corporation, an aircraft manufacturing company, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. The company scored high in Momentum with a score of 5, indicating strong positive trends that may continue in the future. Additionally, Raytheon Technologies scored well in Growth with a score of 4, suggesting potential for expansion and development over time. While the Value and Dividend scores were average at 3, indicating a fair valuation and dividend yield, the company’s resilience score of 3 implies a stable and steady performance even during challenging times.
Raytheon Technologies focuses on delivering innovative solutions through its technology offerings and engineering teams. With a diverse range of products including aero structures, avionics, aircraft engines, and radars, the company is well-positioned to capitalize on growth opportunities in the aviation industry. Overall, the company’s strong Momentum and Growth scores, coupled with its focus on technological advancements, indicate a positive outlook for Raytheon Technologies in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
