Textron Inc. (NYSE:TXT) – Equities research analysts at Jefferies Group cut their Q1 2018 EPS estimates for shares of Textron in a research report issued to clients and investors on Friday. Jefferies Group analyst S. Kahyaoglu now forecasts that the aerospace company will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.54. Jefferies Group has a “Buy” rating and a $74.00 price objective on the stock. Jefferies Group also issued estimates for Textron’s Q3 2018 earnings at $0.78 EPS and Q4 2018 earnings at $1.07 EPS.
Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.06 billion. Textron had a net margin of 2.16% and a return on equity of 11.58%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS.
Other research analysts have also recently issued research reports about the stock. Cowen reissued a “buy” rating and set a $60.00 price target on shares of Textron in a research report on Tuesday, November 14th. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Morgan Stanley raised shares of Textron from an “underweight” rating to an “equal weight” rating and set a $47.00 price target on the stock in a research report on Thursday, February 1st. Zacks Investment Research raised shares of Textron from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Stephens set a $65.00 price target on shares of Textron and gave the company a “hold” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $60.50.
Textron (NYSE TXT) opened at $60.06 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69. The firm has a market cap of $15,820.00, a PE ratio of 28.07, a PEG ratio of 1.90 and a beta of 1.45. Textron has a 1 year low of $45.00 and a 1 year high of $62.19.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC raised its holdings in Textron by 0.8% in the 4th quarter. Aperio Group LLC now owns 112,996 shares of the aerospace company’s stock valued at $6,394,000 after buying an additional 911 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Textron by 6.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,378 shares of the aerospace company’s stock valued at $813,000 after buying an additional 924 shares during the period. Keybank National Association OH raised its holdings in Textron by 3.8% in the 4th quarter. Keybank National Association OH now owns 29,168 shares of the aerospace company’s stock valued at $1,651,000 after buying an additional 1,065 shares during the period. CIBC Asset Management Inc raised its holdings in Textron by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 26,438 shares of the aerospace company’s stock valued at $1,496,000 after buying an additional 1,084 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in Textron by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 7,000 shares of the aerospace company’s stock valued at $396,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 83.90% of the company’s stock.
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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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