$1.01 EPS Expected for Textron Inc. (TXT) This Quarter

Analysts expect Textron Inc. (NYSE:TXT) to post earnings of $1.01 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Textron’s earnings, with estimates ranging from $0.90 to $1.09. Textron posted earnings of $0.74 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Textron will report full year earnings of $3.20 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.29. For the next financial year, analysts anticipate that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.30 to $3.85. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Textron.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 18th. The aerospace company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.15). The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.52 billion. Textron had a return on equity of 13.72% and a net margin of 6.11%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share.

Several analysts have issued reports on TXT shares. Wells Fargo & Co decreased their price target on shares of Textron from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Jefferies Financial Group raised their price target on shares of Textron to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Zacks Investment Research lowered shares of Textron from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Morgan Stanley decreased their price target on shares of Textron from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 14th. Finally, Bank of America set a $78.00 price target on shares of Textron and gave the stock a “buy” rating in a research report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $74.00.

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Textron by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 93,150 shares of the aerospace company’s stock valued at $6,657,000 after acquiring an additional 2,132 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Textron during the 2nd quarter valued at about $1,838,000. Global X Management Co LLC boosted its position in shares of Textron by 86.7% during the 2nd quarter. Global X Management Co LLC now owns 6,253 shares of the aerospace company’s stock valued at $412,000 after acquiring an additional 2,903 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of Textron during the 3rd quarter valued at about $982,000. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Textron during the 2nd quarter valued at about $4,046,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

NYSE TXT traded up $0.15 during midday trading on Thursday, hitting $54.82. The company had a trading volume of 1,358,426 shares, compared to its average volume of 2,082,417. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 1.11. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.05 and a beta of 1.66. Textron has a fifty-two week low of $51.49 and a fifty-two week high of $72.87.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Friday, December 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.15%. Textron’s dividend payout ratio (DPR) is currently 3.27%.

About Textron

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Earnings History and Estimates for Textron (NYSE:TXT)

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