Wall Street brokerages predict that Textron Inc. (NYSE:TXT) will announce earnings of $0.51 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Textron’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.72. Textron posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The company is expected to report its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Textron will report full-year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.91 to $3.15. For the next financial year, analysts anticipate that the firm will post earnings of $3.54 per share, with EPS estimates ranging from $3.45 to $3.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Textron.
Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). Textron had a return on equity of 11.58% and a net margin of 2.16%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
Textron (NYSE:TXT) opened at $58.90 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.06 and a current ratio of 2.19. Textron has a 12 month low of $45.00 and a 12 month high of $62.19. The firm has a market cap of $15,420.00, a P/E ratio of 27.52, a PEG ratio of 1.89 and a beta of 1.37.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. Textron’s dividend payout ratio (DPR) is currently 3.74%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in Textron by 33.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,479 shares of the aerospace company’s stock worth $1,046,000 after acquiring an additional 4,596 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Textron by 38.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,438 shares of the aerospace company’s stock valued at $477,000 after purchasing an additional 2,356 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Textron in the 4th quarter valued at $4,612,000. BB&T Securities LLC boosted its holdings in shares of Textron by 45.4% in the 4th quarter. BB&T Securities LLC now owns 5,480 shares of the aerospace company’s stock valued at $310,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Textron by 25.5% in the 4th quarter. Glenmede Trust Co. NA now owns 7,377 shares of the aerospace company’s stock valued at $417,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.
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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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