Is RTX Corp (NYSE: RTX) Stock Poised for More Growth?

IPW

In the last trading session, 6.9 million RTX Corp (NYSE:RTX) shares changed hands as the company’s beta touched 0.89. With the company’s per share price at $103.23 changed hands at $1.32 or 1.30% during last session, the market valuation stood at $137.25B. RTX’s last price was a discount, traded about -0.64% off its 52-week high of $103.89. The share price had its 52-week low at $68.56, which suggests the last value was 33.59% up since then. When we look at RTX Corp’s average trading volume, we note the 3-month average coming to 7.95 million.

RTX Corp (NYSE:RTX) trade information

Instantly RTX was in green as seen at the end of in last trading. With action 1.68%, the performance over the past five days has been green. The jump to weekly highs of 103.26 added 1.30% to the stock’s daily price. The company’s shares are showing year-to-date upside of 22.69%, with the 5-day performance at 1.68% in the green. However, in the 30-day time frame, RTX Corp (NYSE:RTX) is 1.33% up.

RTX Corp (RTX) estimates and forecasts

Data shows that the RTX Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.79% over the past 6 months, a 6.72% in annual growth rate that is considerably lower than the industry average of 16.80%. Year-over-year growth is forecast to reach 6.40% up from the last financial year.

Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 19.27B. 15 analysts are of the opinion that RTX Corp’s revenue for the current quarter will be 19.91B. The estimates for the next quarter sales put growth at 7.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.30%. The 2024 estimates are for RTX Corp earnings to increase by 6.54%, but the outlook for the next 5-year period is at 11.44% per year.

RTX Dividends

RTX Corp is expected to release its next quarterly earnings report in June. The 2.29% annual yield figure for the share gives it an annual dividend of 2.36. It is important to note, however, that the 2.29% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.