Textron (TXT) Scheduled to Post Quarterly Earnings on Thursday

Textron (NYSE:TXT) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.33 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. Textron had a net margin of 6.73% and a return on equity of 16.05%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business earned $1.07 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, analysts expect Textron to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Textron Price Performance

NYSE TXT opened at $95.29 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. Textron has a 12 month low of $61.27 and a 12 month high of $97.33. The company’s 50 day moving average is $91.96 and its two-hundred day moving average is $83.73. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.47 and a beta of 1.30.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date was Thursday, March 14th. Textron’s dividend payout ratio (DPR) is currently 1.75%.

Analysts Set New Price Targets

TXT has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group raised their target price on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. StockNews.com raised shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. Finally, UBS Group lifted their price objective on shares of Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average target price of $93.63.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.