Textron (TXT) Projected to Post Quarterly Earnings on Wednesday

Textron (NYSE:TXT) is expected to be announcing its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $1.27 per share and revenue of $3,778,060.00 billion for the quarter. Textron has set its FY 2024 guidance at 5.400-5.600 EPS and its FY24 guidance at $5.40-$5.60 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a net margin of 6.30% and a return on equity of 16.02%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts expect Textron to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Textron Trading Up 0.4 %

NYSE:TXT opened at $79.19 on Monday. Textron has a 12 month low of $74.89 and a 12 month high of $97.33. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $80.66 and a 200-day moving average price of $85.13. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.15 and a beta of 1.27.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.08 annualized dividend and a yield of 0.10%. Textron’s dividend payout ratio (DPR) is presently 1.76%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXT. Robert W. Baird decreased their target price on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. UBS Group lowered their price objective on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research report on Friday, October 25th. Barclays reduced their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Vertical Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday, January 6th. Finally, TD Cowen upgraded shares of Textron to a “hold” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.