Textron (NYSE:TXT) is set to issue its quarterly earnings data before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Textron has set its FY 2019 guidance at $3.55-3.75 EPS and its FY19 guidance at $3.55-3.75 EPS.
Textron (NYSE:TXT) last announced its earnings results on Thursday, January 24th. The aerospace company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.98 by $0.17. Textron had a net margin of 8.75% and a return on equity of 15.51%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts expect Textron to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of TXT opened at $51.41 on Tuesday. Textron has a one year low of $43.27 and a one year high of $72.87. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.10 and a beta of 1.65. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.68.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Thursday, March 14th. Textron’s payout ratio is 2.40%.
A number of analysts have recently issued reports on TXT shares. Cowen reissued a “buy” rating and issued a $70.00 price target on shares of Textron in a research report on Monday, December 17th. ValuEngine lowered shares of Textron from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. TheStreet lowered shares of Textron from a “b” rating to a “c+” rating in a research report on Friday, January 4th. Jefferies Financial Group set a $59.00 price target on shares of Textron and gave the stock a “buy” rating in a research report on Tuesday, January 8th. Finally, Susquehanna Bancshares started coverage on shares of Textron in a research report on Thursday, January 10th. They issued a “neutral” rating and a $52.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Textron presently has an average rating of “Hold” and a consensus target price of $66.08.
In related news, CFO Frank T. Connor sold 72,732 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $55.17, for a total transaction of $4,012,624.44. Following the transaction, the chief financial officer now owns 186,456 shares of the company’s stock, valued at $10,286,777.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott C. Donnelly sold 150,226 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $55.04, for a total transaction of $8,268,439.04. Following the transaction, the chief executive officer now directly owns 707,495 shares in the company, valued at approximately $38,940,524.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 458,112 shares of company stock worth $25,222,635. Insiders own 1.40% of the company’s stock.
Textron Company Profile
Textron, Inc is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.
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