Textron Inc. (TXT) Issues FY13 Earnings Guidance
Textron Inc. (NYSE:TXT) updated its FY13 earnings guidance on Friday. The company provided EPS guidance of $1.75-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.97, Analyst Ratings Network.com reports.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Textron from $36.00 to $35.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. Analysts at Zacks reiterated a neutral rating on shares of Textron in a research note to investors on Wednesday, July 31st. They now have a $29.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $36.78.
Shares of Textron Inc. (NYSE:TXT) opened at 27.52 on Friday. Textron Inc. has a 52 week low of $22.84 and a 52 week high of $31.30. The stock’s 50-day moving average is $27.85 and its 200-day moving average is $27.42. The company has a market cap of $7.719 billion and a P/E ratio of 15.03.
Textron (NYSE:TXT) last released its earnings data on Friday, October 18th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.12. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that Textron Inc. will post $1.97 earnings per share for the current fiscal year.
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide.
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