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.

ILLEGAL ACTIVITY WARNING: “Textron Inc. (TXT) Set to Announce Earnings on Thursday” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/12/textron-inc-txt-set-to-announce-earnings-on-thursday.html.

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)

Receive News & Ratings for Textron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.