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, October 24th. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Textron (NYSE:TXT) last posted its earnings results on Thursday, July 18th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.06. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Textron had a return on equity of 16.41% and a net margin of 6.67%. Textron’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. On average, analysts expect Textron to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Textron Stock Down 0.2 %

NYSE TXT opened at $87.66 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 0.81. The stock has a market capitalization of $16.42 billion, a PE ratio of 18.57, a PEG ratio of 1.43 and a beta of 1.23. Textron has a 1 year low of $74.13 and a 1 year high of $97.33. The business’s 50-day moving average is $87.59 and its 200 day moving average is $88.46.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.08 annualized dividend and a yield of 0.09%. Textron’s payout ratio is 1.69%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Morgan Stanley cut Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research report on Thursday, August 8th. Citigroup lifted their price objective on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Textron from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Monday. Finally, Bank of America lifted their target price on shares of Textron from $105.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Textron has an average rating of “Hold” and a consensus target price of $102.75.

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.