$0.49 Earnings Per Share Expected for Textron (TXT) This Quarter

Equities analysts expect that Textron (NYSE:TXT) will announce earnings per share of $0.49 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Textron’s earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.43. Textron posted earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, April 18th.

On average, analysts expect that Textron will report full year earnings of $3.06 per share for the current year, with EPS estimates ranging from $2.98 to $3.15. For the next year, analysts anticipate that the business will post earnings of $3.52 per share, with EPS estimates ranging from $3.38 to $3.65. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Textron.

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Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.03). The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Textron had a net margin of 2.16% and a return on equity of 11.58%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share.

TXT has been the topic of several recent analyst reports. Stephens set a $65.00 price objective on shares of Textron and gave the company a “hold” rating in a report on Thursday, January 11th. Cowen reaffirmed a “buy” rating and set a $70.00 price objective on shares of Textron in a report on Thursday, February 1st. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Textron from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Morgan Stanley raised shares of Textron from an “underweight” rating to an “equal weight” rating and set a $47.00 price objective on the stock in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.36.

Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Textron in the third quarter worth about $110,000. Invictus RG purchased a new position in shares of Textron in the third quarter worth about $115,000. Cerebellum GP LLC purchased a new position in shares of Textron in the fourth quarter worth about $133,000. Franklin Street Advisors Inc. NC purchased a new position in shares of Textron in the fourth quarter worth about $207,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Textron in the third quarter worth about $201,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

TXT traded down $1.71 during midday trading on Friday, hitting $57.87. 1,868,954 shares of the company traded hands, compared to its average volume of 1,566,569. The company has a quick ratio of 1.06, a current ratio of 2.19 and a debt-to-equity ratio of 0.69. The company has a market cap of $15,596.38, a price-to-earnings ratio of 23.62, a PEG ratio of 1.87 and a beta of 1.36. Textron has a 52-week low of $45.00 and a 52-week high of $62.19.

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, March 8th. Textron’s dividend payout ratio is currently 3.27%.

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Textron Company Profile

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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