Textron Inc. (NYSE:TXT) – Research analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Textron in a research note issued on Sunday. Jefferies Group analyst S. Kahyaoglu anticipates that the aerospace company will earn $0.54 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $74.00 target price on the stock.
Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). Textron had a net margin of 2.16% and a return on equity of 11.58%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
Textron (TXT) opened at $55.54 on Wednesday. Textron has a twelve month low of $45.00 and a twelve month high of $62.19. The company has a current ratio of 1.92, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $15,254.68, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.45.
Several institutional investors and hedge funds have recently bought and sold shares of TXT. Steward Partners Investment Advisory LLC bought a new stake in shares of Textron in the third quarter valued at approximately $110,000. Invictus RG bought a new stake in shares of Textron in the third quarter valued at approximately $115,000. Cerebellum GP LLC bought a new stake in shares of Textron in the fourth quarter valued at approximately $133,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Textron in the third quarter valued at approximately $201,000. Finally, BB&T Securities LLC bought a new stake in shares of Textron in the third quarter valued at approximately $203,000. 81.98% of the stock is owned by institutional investors.
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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