Textron Inc. (NYSE:TXT) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.52.
TXT has been the subject of a number of analyst reports. ValuEngine downgraded shares of Textron from a buy rating to a hold rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Textron from a buy rating to a hold rating in a research note on Thursday, October 12th. Jefferies Group LLC restated a buy rating and set a $65.00 target price on shares of Textron in a research note on Friday, October 20th. Cowen and Company reissued a buy rating and issued a $60.00 target price on shares of Textron in a report on Thursday, October 19th. Finally, Stephens reaffirmed an equal weight rating and set a $63.00 price target (up from $54.00) on shares of Textron in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $56.08.
Textron Inc. (NYSE TXT) traded down 1.36% during trading on Friday, hitting $53.03. The stock had a trading volume of 1,693,984 shares. The stock has a market capitalization of $14.04 billion, a PE ratio of 16.21 and a beta of 1.59. The stock’s 50-day moving average is $53.12 and its 200-day moving average is $49.15. Textron Inc. has a 52-week low of $38.79 and a 52-week high of $55.80.
Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 19th. The aerospace company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. Textron had a return on equity of 12.02% and a net margin of 4.48%. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the company earned $0.61 earnings per share. Textron’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Textron Inc. will post $2.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. Textron’s payout ratio is presently 3.45%.
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Textron Company Profile
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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