Zacks: Brokerages Anticipate Textron (TXT) Will Post Earnings of $0.49 Per Share

Equities analysts forecast that Textron (NYSE:TXT) will post earnings of $0.49 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Textron’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.43. Textron reported earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The firm is expected to issue its next earnings report on Wednesday, April 18th.

On average, analysts expect that Textron will report full-year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $2.98 to $3.15. For the next fiscal year, analysts forecast that the business will report earnings of $3.52 per share, with EPS estimates ranging from $3.38 to $3.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Textron.

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Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 31st. The aerospace company reported $0.74 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 the consensus estimate of $4.06 billion. Textron had a return on equity of 11.58% and a net margin of 2.16%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS.

TXT has been the topic of a number of research reports. Zacks Investment Research raised shares of Textron from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Stephens set a $65.00 price objective on shares of Textron and gave the stock a “hold” rating in a research report on Thursday, January 11th. Cowen reissued a “buy” rating and issued a $70.00 price objective on shares of Textron in a research report on Thursday, February 1st. Wells Fargo reissued an “outperform” rating and issued a $67.00 price objective (up previously from $59.00) on shares of Textron in a research report on Tuesday, January 16th. Finally, ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two investment 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $60.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in Textron during the third quarter worth $110,000. Invictus RG bought a new stake in Textron during the third quarter worth $115,000. Cerebellum GP LLC bought a new stake in Textron during the fourth quarter worth $133,000. Commerzbank Aktiengesellschaft FI bought a new stake in Textron during the third quarter worth $201,000. Finally, BB&T Securities LLC bought a new stake in Textron during the third quarter worth $203,000. 83.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Textron (NYSE:TXT) traded up $0.11 during mid-day trading on Wednesday, hitting $58.94. 1,261,284 shares of the stock were exchanged, compared to its average volume of 1,622,595. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.06 and a current ratio of 2.19. The company has a market capitalization of $15,400.05, a price-to-earnings ratio of 51.45, a PEG ratio of 1.85 and a beta of 1.37. Textron has a twelve month low of $45.00 and a twelve month high of $62.19.

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.14%. The ex-dividend date is Thursday, March 8th. Textron’s dividend payout ratio (DPR) is currently 7.02%.

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About Textron

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Earnings History and Estimates for Textron (NYSE:TXT)

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