Textron Inc. (TXT) Set to Announce Earnings on Thursday

Textron Inc. (NYSE:TXT) will post its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Textron to post earnings of $0.62 per share for the quarter. Textron has set its FY17 guidance at $2.40-2.60 EPS.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, July 19th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Textron had a return on equity of 11.97% and a net margin of 6.45%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, analysts expect Textron to post $2.52 EPS for the current fiscal year and $2.97 EPS for the next fiscal year.

Shares of Textron Inc. (NYSE:TXT) opened at 53.92 on Thursday. The firm has a market cap of $14.27 billion, a PE ratio of 16.48 and a beta of 1.59. Textron Inc. has a 1-year low of $37.19 and a 1-year high of $55.80. The firm’s 50-day moving average price is $51.82 and its 200 day moving average price is $48.69.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Thursday, September 14th. Textron’s dividend payout ratio is presently 2.45%.

TXT has been the topic of a number of recent analyst reports. ValuEngine raised Textron from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research raised Textron from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, September 21st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $55.00 target price (up from $50.00) on shares of Textron in a research report on Thursday, July 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Textron in a research report on Tuesday, September 26th. Finally, Bank of America Corporation lowered Textron from a “buy” rating to an “underperform” rating and cut their target price for the stock from $53.00 to $45.00 in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $53.75.

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Textron Company Profile

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.

Earnings History for Textron (NYSE:TXT)

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