News stories about Textron (NYSE:TXT) have been trending somewhat positive on Sunday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Textron earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 46.0446680317439 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of Textron traded up $0.08, reaching $66.32, during mid-day trading on Friday, according to Marketbeat.com. 1,012,660 shares of the stock traded hands, compared to its average volume of 1,915,068. The firm has a market capitalization of $16.98 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 1.86 and a beta of 1.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.31 and a quick ratio of 1.09. Textron has a 1 year low of $45.00 and a 1 year high of $66.67.
Textron (NYSE:TXT) last released its quarterly earnings results on Wednesday, April 18th. The aerospace company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.26. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.06 billion. Textron had a net margin of 2.74% and a return on equity of 12.65%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. analysts expect that Textron will post 3.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 15th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. Textron’s dividend payout ratio (DPR) is currently 3.27%.
TXT has been the subject of a number of recent research reports. Cowen reiterated a “buy” rating and issued a $70.00 price objective on shares of Textron in a research note on Thursday, February 1st. Citigroup lifted their price objective on shares of Textron from $61.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday, April 10th. Morgan Stanley upgraded shares of Textron from an “underweight” rating to an “equal weight” rating and set a $47.00 price objective for the company in a research note on Thursday, February 1st. Wells Fargo reiterated an “outperform” rating and issued a $72.00 price objective (up from $67.00) on shares of Textron in a research note on Thursday, April 19th. Finally, Jefferies Group reiterated a “buy” rating and issued a $74.00 price objective on shares of Textron in a research note on Sunday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Textron presently has a consensus rating of “Buy” and a consensus target price of $67.17.
In other news, CEO Scott C. Donnelly sold 11,988 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $61.60, for a total transaction of $738,460.80. Following the completion of the transaction, the chief executive officer now directly owns 715,106 shares in the company, valued at approximately $44,050,529.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott C. Donnelly sold 158,237 shares of the business’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $63.05, for a total transaction of $9,976,842.85. Following the transaction, the chief executive officer now owns 715,106 shares of the company’s stock, valued at $45,087,433.30. The disclosure for this sale can be found here. Insiders have sold a total of 250,225 shares of company stock valued at $15,754,504 over the last 90 days. Company insiders own 1.20% of the company’s stock.
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.
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