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 Benzinga 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.