Equities analysts expect Textron Inc. (NYSE:TXT) to post $0.51 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made 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 reported earnings of $0.46 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The business is expected to report its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that Textron will report full-year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.91 to $3.15. For the next fiscal year, analysts forecast that the firm will post earnings of $3.54 per share, with EPS estimates ranging from $3.45 to $3.65. Zacks’ EPS calculations are an 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.06 billion. Textron had a net margin of 2.16% and a return on equity of 11.58%. Textron’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share.
A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its position in Textron by 33.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,479 shares of the aerospace company’s stock worth $1,046,000 after acquiring an additional 4,596 shares during the period. Envestnet Asset Management Inc. increased its position in Textron by 38.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,438 shares of the aerospace company’s stock worth $477,000 after acquiring an additional 2,356 shares during the period. MetLife Investment Advisors LLC bought a new position in Textron during the fourth quarter worth $4,612,000. BB&T Securities LLC increased its position in Textron by 45.4% during the fourth quarter. BB&T Securities LLC now owns 5,480 shares of the aerospace company’s stock worth $310,000 after acquiring an additional 1,712 shares during the period. Finally, Glenmede Trust Co. NA increased its position in Textron by 25.5% during the fourth quarter. Glenmede Trust Co. NA now owns 7,377 shares of the aerospace company’s stock worth $417,000 after acquiring an additional 1,500 shares during the period. 83.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Textron (TXT) opened at $58.90 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.19 and a quick ratio of 1.06. The stock has a market cap of $15,420.00, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. Textron has a one year low of $45.00 and a one year high of $62.19.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Thursday, March 8th. Textron’s dividend payout ratio (DPR) is currently 3.74%.
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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