News coverage about Textron (NYSE:TXT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Textron earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 45.8910892479496 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Textron Inc. (NYSE: TXT) – Volatile Stock to Watch – Alpha Beta Stock (alphabetastock.com)
- Textron Inc., (NYSE: TXT), Paycom Software, Inc., (NYSE: PAYC), JBG Smith Properties, (NYSE: JBGS), Perrigo … – Stocks In The News (press release) (tradingnewsnow.com)
- Textron pays back $500M EXIM loan early (finance.yahoo.com)
- Textron Inc. (TXT) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Worth Watching Stocks Watch List: GameStop Corp., (NYSE: GME), Textron Inc., (NYSE: TXT), Illinois Tool Works Inc … – Stocks In The News (press release) (tradingnewsnow.com)
Textron (NYSE:TXT) traded down $0.23 on Friday, reaching $53.30. 523,302 shares of the company’s stock were exchanged, compared to its average volume of 1,553,322. The company has a quick ratio of 0.96, a current ratio of 2.08 and a debt-to-equity ratio of 0.67. The stock has a market cap of $14,100.89, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.45 and a beta of 1.58. Textron has a 1 year low of $43.66 and a 1 year high of $55.80.
Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 19th. The aerospace company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.55 billion. Textron had a net margin of 4.48% and a return on equity of 12.02%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. sell-side analysts forecast that Textron will post 2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Thursday, December 14th. Textron’s dividend payout ratio is 3.45%.
TXT has been the subject of several research reports. BidaskClub downgraded shares of Textron from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Morgan Stanley lifted their price target on shares of Textron from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Thursday, August 17th. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Drexel Hamilton raised shares of Textron from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, September 11th. Finally, Zacks Investment Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.92.
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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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