Textron (TXT) Projected to Post Quarterly Earnings on Wednesday

Textron (NYSE:TXT) will likely be issuing its quarterly earnings data 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

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

Textron Stock Up 0.4 %

Shares of NYSE:TXT opened at $79.19 on Tuesday. The firm has a market capitalization of $14.69 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. Textron has a 1 year low of $74.89 and a 1 year high of $97.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. The firm’s 50-day moving average is $80.48 and its two-hundred day moving average is $85.08.

Textron Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on TXT shares. Robert W. Baird cut their price objective on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. UBS Group cut their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. Barclays decreased their price objective on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Susquehanna cut their target price on shares of Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen upgraded shares of Textron to a “hold” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.