Textron (NYSE:TXT) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $3.70-3.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.74. Textron also updated its FY19 guidance to $3.70-3.80 EPS.
Several analysts have recently issued reports on TXT shares. Credit Suisse Group decreased their target price on shares of Textron from $52.00 to $50.00 and set a neutral rating on the stock in a research report on Friday, October 18th. Morgan Stanley increased their price objective on shares of Textron from $49.00 to $51.00 and gave the company an equal weight rating in a research note on Thursday, October 10th. Zacks Investment Research cut shares of Textron from a hold rating to a strong sell rating and set a $50.00 target price for the company. in a research report on Friday, October 25th. Vertical Research cut shares of Textron from a buy rating to a hold rating and decreased their target price for the company from $56.00 to $54.00 in a research report on Friday, September 27th. Finally, Bank of America cut shares of Textron from a buy rating to a neutral rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $54.25.
Shares of NYSE TXT traded down $0.52 during trading on Friday, hitting $46.61. The company had a trading volume of 1,263,878 shares, compared to its average volume of 1,609,286. The stock has a fifty day simple moving average of $48.05 and a two-hundred day simple moving average of $49.02. The company has a quick ratio of 0.97, a current ratio of 2.15 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.73. Textron has a fifty-two week low of $42.30 and a fifty-two week high of $58.00.
Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 17th. The aerospace company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.31 billion. Textron had a net margin of 6.46% and a return on equity of 16.88%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, analysts anticipate that Textron will post 3.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Thursday, December 12th. Textron’s dividend payout ratio (DPR) is presently 2.40%.
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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