Textron Inc. (NYSE:TXT) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.52.
Textron Inc. (NYSE:TXT) traded down 3.19% during mid-day trading on Thursday, hitting $51.86. The stock had a trading volume of 530,750 shares. The stock has a market cap of $13.73 billion, a P/E ratio of 15.85 and a beta of 1.59. Textron Inc. has a one year low of $37.19 and a one year high of $55.80. The company has a 50 day moving average price of $52.57 and a 200 day moving average price of $48.91.
Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, October 19th. The aerospace company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.55 billion. Textron had a net margin of 6.45% and a return on equity of 11.97%. Textron’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts anticipate that Textron Inc. will post $2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.08 annualized dividend and a yield of 0.15%. Textron’s dividend payout ratio (DPR) is 2.45%.
Several equities research analysts recently weighed in on TXT shares. Zacks Investment Research lowered shares of Textron from a buy rating to a hold rating in a research note on Thursday, October 12th. Credit Suisse Group reiterated an outperform rating and set a $55.00 price objective (up previously from $50.00) on shares of Textron in a research note on Thursday, July 20th. Morgan Stanley increased their price objective on shares of Textron from $45.00 to $47.00 and gave the stock an underweight rating in a research note on Thursday, August 17th. BidaskClub lowered shares of Textron from a sell rating to a strong sell rating in a research note on Tuesday, June 27th. Finally, Wells Fargo & Company reiterated an outperform rating and set a $54.00 price objective (up previously from $52.00) on shares of Textron in a research note on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Textron has a consensus rating of Hold and a consensus target price of $54.50.
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Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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