Raytheon Technologies moved 0.3% this afternoon session, trading between a high of $86.685 and a low of $85.89 per share. Yesterday the stock finished at $86.04 per share, compared to an average analyst target price of $100.7.
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. The large-cap aerospace company is based in the United States, and over the last twelve months it has returned a dividend yield of 2.6%. Raytheon Technologies has trailing twelve months earnings per share (EPS) of 3.77, which at today's prices amounts to a price to earnings (P/E) ratio of 22.9.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 1.59. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-07 | 67,074,000 | -53,406,000 | 20 | 5.26 |
| 2022-02-11 | 64,388,000 | -51,897,000 | 19 | 26.67 |
| 2021-02-08 | 56,587,000 | -48,056,000 | 15 | -37.5 |
| 2020-02-06 | 45,349,000 | -34,598,000 | 24 | 14.29 |
| 2019-04-05 | 34,701,000 | -27,465,000 | 21 | -19.23 |
| 2018-02-09 | 59,837,000 | -44,201,000 | 26 |
At 20.8%, Raytheon Technologies's average gross margins are wider than the 16.69% average of its industry peer group, which suggests that the firm might have a competitive advantage.
