Brokerages expect that Textron Inc. (NYSE:TXT) will report sales of $3.61 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Textron’s earnings, with the lowest sales estimate coming in at $3.57 billion and the highest estimate coming in at $3.68 billion. Textron posted sales of $3.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is expected to issue its next quarterly earnings results on Thursday, October 19th.

On average, analysts expect that Textron will report full-year sales of $3.61 billion for the current fiscal year, with estimates ranging from $14.13 billion to $14.64 billion. For the next year, analysts forecast that the firm will post sales of $14.89 billion per share, with estimates ranging from $14.72 billion to $15.02 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Textron.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, July 19th. The aerospace company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.57 billion. Textron had a net margin of 6.45% and a return on equity of 11.97%. Textron’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share.

A number of equities research analysts have issued reports on TXT shares. Zacks Investment Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, July 18th. Credit Suisse Group restated a “buy” rating and issued a $50.00 price objective on shares of Textron in a report on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Textron in a report on Thursday, May 18th. Stephens assumed coverage on shares of Textron in a report on Thursday, April 13th. They issued an “equal weight” rating and a $54.00 price objective on the stock. Finally, BidaskClub upgraded shares of Textron from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.60.

Several hedge funds and other institutional investors have recently bought and sold shares of TXT. Korea Investment CORP increased its position in Textron by 24.7% in the first quarter. Korea Investment CORP now owns 15,234 shares of the aerospace company’s stock worth $725,000 after buying an additional 3,016 shares during the period. Retirement Systems of Alabama increased its position in Textron by 2.2% in the first quarter. Retirement Systems of Alabama now owns 230,631 shares of the aerospace company’s stock worth $10,976,000 after buying an additional 5,027 shares during the period. State of Alaska Department of Revenue bought a new position in Textron during the first quarter worth approximately $220,000. Nisa Investment Advisors LLC increased its position in Textron by 21.1% in the first quarter. Nisa Investment Advisors LLC now owns 103,603 shares of the aerospace company’s stock worth $4,930,000 after buying an additional 18,023 shares during the period. Finally, Regentatlantic Capital LLC increased its position in Textron by 3.4% in the first quarter. Regentatlantic Capital LLC now owns 85,425 shares of the aerospace company’s stock worth $4,065,000 after buying an additional 2,805 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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Textron (TXT) opened at 48.49 on Friday. Textron has a 52 week low of $37.19 and a 52 week high of $50.93. The company has a 50-day moving average of $47.58 and a 200-day moving average of $47.73. The company has a market cap of $13.06 billion, a P/E ratio of 14.82 and a beta of 1.56.

The business also recently announced a quarterly dividend, which was paid on Saturday, July 1st. Investors of record on Friday, June 9th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Wednesday, June 7th. Textron’s dividend payout ratio (DPR) is 2.45%.

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.

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Earnings History and Estimates for Textron (NYSE:TXT)

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