Here's Why RTX (RTX) is a Strong Growth Stock
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Is Most-Watched Stock RTX Corporation (RTX) Worth Betting on Now?
RTX (RTX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
RTX's Jet Engine to Operate With 100% SAF: Should You Buy the Stock?
Investors interested in RTX should wait for a better entry point. However, those who already own it might continue to do so.
Is RTX Stock a Buy?
The aerospace and defense stock has raised its guidance recently, and long-term prospects remain positive.
RTX Corporation (RTX) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to RTX (RTX). This makes it worthwhile to examine what the stock has in store.
RTX: Flying To New Highs
RTX Corporation reported strong Q3 results, beating top and bottom line estimates, driven by robust demand for aerospace and defense products. RTX raised its FY 2024 guidance, projecting $79.25-$79.75B in revenue and $5.50-$5.58 in adjusted EPS, reflecting a 3% increase. The company saw significant operating income margin expansion in Pratt & Whitney and Raytheon segments, with Pratt & Whitney achieving 45% operating income growth as well.
Raytheon's Mind-Boggling $950 Million In Criminal And Civil Offenses
Raytheon just agreed last week to pay a mind-boggling $950 million in criminal and civil charges to the U.S. government for a cluster of offenses ranging from inflated prices for missiles, to bribes for sales to Qatar. Yet despite the incredible scale of the fines and overcharges, Raytheon is making so much money from its current massive sales for Ukraine that it can probably take more money from the taxpayer with one hand even as it pays relatively less to the taxpayer with the other – and feel no pain.
Why RTX (RTX) is a Top Growth Stock for the Long-Term
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RTX Corp.: Geopolitical Tension And Growing Commercial Travel Trigger Robust Tailwinds
The robust commercial and defense spending trends have already contributed to RTX's double beat FQ3'24 earnings performance and raised FY2024 guidance. The growing backlog also offers an extremely promising insight into its long-term top/ bottom-line recognition and highly sticky consumer base. Despite the recent rally, we believe that RTX remains compelling at FWD PEG ratio of 2.11x compared to its historical trends and the aerospace and defense peers.
The Rally in Lockheed Martin and RTX Can Continue: Here's Why
Shares of Lockheed Martin NYSE: LMT and RTX NYSE: RTX are up by 40% and 80% since early 2024 and can continue to set new highs this year and next. Their businesses are thriving because of increased global demand, and they sustain growth, robust cash flow, and ample capital returns, which are primary drivers of share price action.
Is RTX Stock Too Expensive After Earnings?
RTX Corporation's Q3 earnings showed strong sales and EPS growth, with a 6% sales increase and 16% EPS growth, driven by share repurchases and margin expansion. Pratt & Whitney and Raytheon segments performed well, with Pratt & Whitney seeing 14% sales growth and Raytheon achieving a 16% profit increase despite a 1% sales decline. RTX's guidance indicates higher sales and EPS but unchanged free cash flow, with risks from lower Boeing 737 MAX production already factored in.
Locked & Loaded: Why RTX Remains One Of My Best Investment Ideas
RTX Corporation remains a high-conviction investment due to its strong market position, massive backlog, and strategic investments in defense and commercial sectors. The company reported 8% organic sales growth, a $221 billion backlog, and significant new orders, supporting future growth and elevated shareholder returns. RTX's diversified business model and global defense spending tailwinds provide a strong runway for continued growth, despite near-term uncertainties like GTF engine inspections.
