Textron Inc. (NYSE:TXT) to Post FY2025 Earnings of $6.95 Per Share, Zacks Research Forecasts

Textron Inc. (NYSE:TXT) – Stock analysts at Zacks Research boosted their FY2025 earnings estimates for Textron in a research note issued on Thursday, April 18th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings per share of $6.95 for the year, up from their previous estimate of $6.93. The consensus estimate for Textron’s current full-year earnings is $6.27 per share.

Other equities research analysts have also recently issued research reports about the company. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $105.00 in a report on Friday, March 8th. The Goldman Sachs Group boosted their price objective on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. StockNews.com raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. UBS Group boosted their price target on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Finally, Citigroup raised their price objective on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.63.

Textron Stock Up 0.5 %

NYSE TXT opened at $93.77 on Monday. Textron has a 1 year low of $61.27 and a 1 year high of $97.33. The stock has a market capitalization of $18.04 billion, a PE ratio of 20.52, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.92 and a quick ratio of 1.03. The business’s 50-day moving average is $91.77 and its 200 day moving average is $83.61.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.07. Textron had a net margin of 6.73% and a return on equity of 16.05%. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Metis Global Partners LLC raised its position in shares of Textron by 12.8% in the 3rd quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock worth $796,000 after purchasing an additional 1,158 shares during the last quarter. LSV Asset Management raised its holdings in Textron by 7.6% in the third quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock worth $255,656,000 after buying an additional 230,560 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Textron by 36.9% in the third quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock worth $42,367,000 after buying an additional 146,055 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Textron by 13.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock valued at $7,943,000 after buying an additional 11,510 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Textron by 269.1% during the fourth quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock valued at $1,680,000 after acquiring an additional 15,235 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s payout ratio is currently 1.75%.

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.