Analysts Anticipate Textron Inc. (TXT) to Announce $0.49 EPS

Equities analysts predict that Textron Inc. (NYSE:TXT) will post earnings per share of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Textron’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.62. Textron reported earnings per share of $0.46 in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that Textron will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.91 to $3.10. For the next fiscal year, analysts forecast that the business will post earnings of $3.54 per share, with EPS estimates ranging from $3.45 to $3.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Textron.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $4.06 billion. During the same quarter last year, the business earned $0.80 earnings per share. Textron’s quarterly revenue was up 5.0% on a year-over-year basis.

Several equities analysts have weighed in on the company. Morgan Stanley upgraded Textron from an “underweight” rating to an “equal weight” rating and set a $47.00 target price on the stock in a report on Thursday, February 1st. Jefferies Group restated a “buy” rating and set a $74.00 target price on shares of Textron in a report on Sunday. Cowen restated a “buy” rating and set a $70.00 target price on shares of Textron in a report on Thursday, February 1st. Stephens restated an “equal weight” rating and set a $63.00 target price (up from $54.00) on shares of Textron in a report on Friday, October 13th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $67.00 target price (up from $59.00) on shares of Textron in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $60.50.

Textron (TXT) traded down $1.11 during midday trading on Thursday, reaching $56.80. The company’s stock had a trading volume of 736,954 shares, compared to its average volume of 1,456,407. Textron has a one year low of $45.00 and a one year 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 $15,041.30, a price-to-earnings ratio of 49.86, a P/E/G ratio of 1.80 and a beta of 1.45.

Several large investors have recently modified their holdings of the company. Neuberger Berman Group LLC grew its position in shares of Textron by 13.0% in the third quarter. Neuberger Berman Group LLC now owns 4,886,812 shares of the aerospace company’s stock valued at $263,302,000 after purchasing an additional 563,037 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Textron by 9.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,483,693 shares of the aerospace company’s stock valued at $253,732,000 after purchasing an additional 371,667 shares during the last quarter. Boston Partners grew its position in shares of Textron by 0.4% in the fourth quarter. Boston Partners now owns 3,948,873 shares of the aerospace company’s stock valued at $223,467,000 after purchasing an additional 13,998 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Textron by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,604,911 shares of the aerospace company’s stock valued at $194,233,000 after purchasing an additional 32,525 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of Textron by 0.8% in the third quarter. TCW Group Inc. now owns 2,958,810 shares of the aerospace company’s stock valued at $159,420,000 after purchasing an additional 24,130 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.

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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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