Textron (NYSE:TXT) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Textron (NYSE:TXT) announced its quarterly earnings data on Wednesday. The aerospace company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07, Zacks reports. Textron had a net margin of 6.30% and a return on equity of 16.02%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3,778,060 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Textron updated its FY 2025 guidance to 6.000-6.200 EPS and its FY25 guidance to $6.00-6.20 EPS.

Textron Stock Down 3.5 %

Shares of Textron stock opened at $78.40 on Thursday. Textron has a 12 month low of $74.89 and a 12 month high of $97.33. The business has a fifty day simple moving average of $80.19 and a 200 day simple moving average of $85.01. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The stock has a market cap of $14.54 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.27.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Citigroup reduced their target price on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays lowered their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. UBS Group reduced their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird lowered their target price on shares of Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.64.

About Textron

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.