Textron (TXT) Set to Announce Quarterly Earnings on Thursday

Textron (NYSE:TXT) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.33 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.53 by $0.07. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.97 billion. Textron had a return on equity of 16.05% and a net margin of 6.73%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. On average, analysts expect Textron to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Textron Stock Up 1.6 %

TXT opened at $95.29 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.92 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $91.96 and a two-hundred day moving average price of $83.73. Textron has a 52 week low of $61.27 and a 52 week high of $97.33. The company has a market cap of $18.33 billion, a PE ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 1.30.

Textron Announces Dividend

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

Wall Street Analyst Weigh In

TXT has been the topic of a number of research reports. UBS Group upped their price target on Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a report on Friday, January 26th. The Goldman Sachs Group increased their target price on Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. StockNews.com upgraded Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Citigroup raised their target price on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, two have given 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.63.

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.