These Analysts Raise Their Forecasts On RTX Following Better-Than-Expected Q2 Results

RTX Corp. (NYSE: RTX ) on Thursday reported upbeat second-quarter results and raised its full-year financial outlook.

The company reported adjusted earnings of $1.89 per share, beating analysts’ estimate of $1.66 per share, according to Pro.

Sales increased 14% year over year to $24.71 billion, ahead of estimates of $22.89 billion.

Organic sales grew 16%.

RTX raised its full-year adjusted earnings forecast to a range of $7.10 to $7.25 per share from its prior outlook of $6.70 to $6.90 per share.

The new guidance is above analysts’ estimate of $6.92 per share.

The company also increased its sales forecast to $95 billion to $96 billion from $92.5 billion to $93.5 billion.

Analysts were expecting $94.09 billion.

RTX now expects organic sales growth of 8% to 9%, up from its previous forecast of 5% to 6%.

RTX shares gained 2.1% to trade at $213.50 on Friday.

These analysts made changes to their price targets on RTX following earnings announcement.

Wells Fargo analyst David Strauss maintained the stock with an Equal-Weight rating and raised the price target from $200 to $230.

Susquehanna analyst Charles Minervino maintained the stock with a Positive and raised the price target from $235 to $245.

Considering buying RTX stock? Here’s what analysts think: Photo via Shutterstock