- RTX Corp’s second quarter adjusted sales were $19.79 billion, surpassing the estimated $19.3 billion.
- Total sales amounted to $19.72 billion.
- Collins Aerospace Systems achieved sales of $7.00 billion, exceeding the estimated $6.83 billion.
- Pratt & Whitney reported sales of $6.80 billion.
- Raytheon reported sales of $6.51 billion.
- Free cash flow was $2.20 billion, significantly above the estimated $647.5 million.
- Analyst ratings: 8 buys, 15 holds, and 2 sells.
Raytheon Technologies on Smartkarma
Analysts on Smartkarma, like Baptista Research, are bullish on Raytheon Technologies Corporation (RTX) citing strong performance indicators. According to Baptista Research‘s report on “RTX Corporation: These Are The 6 Pivotal Factors Impacting Its Performance In 2024 & Beyond! – Financial Forecasts“, RTX has started the year with a solid foundation for future growth. The company’s emphasis on transforming its business units and the record high backlog of over $200 billion are seen as positive signals of market strength.
In another report by Baptista Research titled “RTX Corporation: Can Their Investments In Differentiated Technologies Further Build Their Competitive Moat? – Major Drivers“, analysts discuss RTX’s Q4 2023 earnings call where key executives announced strategic changes. The company’s strong full-year results, with $74.3 billion in sales and growing profits, indicate a positive outlook for RTX’s future performance in the market.
A look at Raytheon Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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, a prominent aircraft manufacturing company, has been forecasted to have a positive long-term outlook based on the Smartkarma Smart Scores. With a high Growth score of 5 and solid Momentum score of 4, the company is positioned well for future expansion and performance. Additionally, receiving average scores for Value, Dividend, and Resilience indicates a balanced overall outlook for Raytheon Technologies.
Raytheon Technologies Corporation is known for its focus on technology-driven solutions within the aerospace industry, covering a wide range of products from aero structures to software. With promising Growth and Momentum scores, the company seems to be poised for success in the long run. Although the Value, Dividend, and Resilience scores are not exceptional, the strong performance in Growth and Momentum factors suggests a bright future ahead for Raytheon Technologies.
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.
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