How RTX Corp. Crushed Its Q1 Earnings Report [Yahoo! Finance]
RTX Corporation (RTX)
Company Research
Source: Yahoo! Finance
Shares of one of America's biggest defense contractors, that closed at $101.38 on the evening before earnings, ended the week up just $0.03, three-hundredths of 1%, at $101.41. Are you not entertained? It gets an investor to wondering. RTX reported $19.3 billion in Q1 2024 sales, up 12% from Q1 2023. Its earnings growth was even better, a 32% year-over-year improvement at $1.28 per diluted share. And of course, because profit went up faster than sales, you know that RTX had to have reported better profit margins as well. Those were up 60 basis points at a very respectable 8.9%. So why, with so much good news, did RTX's share price barely budge -- and did RTX stock deserve better? Let's dig in and find out. The big headline: Defense RTX, formerly known as Raytheon and now possessing a weapons division by that name, is of course one of America's biggest defense contractors. So as you might expect, "defense" was a big part of the story of how RTX crushed its Q1 earnings re
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RTX
News
- RTX Co. (NYSE: RTX) had its price target raised by analysts at Wells Fargo & Company from $119.00 to $141.00. They now have an "overweight" rating on the stock.MarketBeat
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RTX
Earnings
- 4/23/24 - Beat
RTX
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 144
- 5/6/24 - Form 4
- RTX's page on the SEC website