Textron (TXT) to Release Quarterly Earnings on Thursday

Textron (NYSE:TXT) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Textron to post earnings of $1.33 per share for the quarter. Textron has set its FY24 guidance at $6.20-6.40 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

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

Textron Trading Up 0.5 %

TXT stock opened at $93.77 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.92. Textron has a fifty-two week low of $61.27 and a fifty-two week high of $97.33. The firm has a fifty day moving average price of $91.77 and a 200 day moving average price of $83.61. The firm has a market cap of $18.04 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Thursday, March 14th. Textron’s dividend payout ratio (DPR) is 1.75%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TXT shares. Citigroup raised their target price on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. StockNews.com upgraded Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and boosted their target price for the company from $85.00 to $105.00 in a research note on Friday, March 8th. The Goldman Sachs Group boosted their price target on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, UBS Group lifted their price objective on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a report on Friday, January 26th. One research 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’s stock. Based on data from MarketBeat, Textron has a consensus rating of “Moderate Buy” and a consensus 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.