Textron (TXT) Scheduled to Post Quarterly Earnings on Wednesday

Textron (NYSE:TXT) will be announcing its earnings results before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Textron has set its FY 2019 guidance at $3.55-3.75 EPS and its FY19 guidance at $3.55-3.75 EPS.

Textron (NYSE:TXT) last announced its earnings results on Thursday, January 24th. The aerospace company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.99 billion. Textron had a net margin of 8.75% and a return on equity of 15.51%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, analysts expect Textron to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of TXT stock opened at $51.41 on Tuesday. The firm has a market capitalization of $11.87 billion, a PE ratio of 15.39, a PEG ratio of 1.10 and a beta of 1.65. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Textron has a twelve month low of $43.27 and a twelve month high of $72.87.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were paid a $0.02 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. Textron’s dividend payout ratio (DPR) is presently 2.40%.

In other Textron news, CEO Scott C. Donnelly sold 150,226 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $55.04, for a total transaction of $8,268,439.04. Following the sale, the chief executive officer now directly owns 707,495 shares of the company’s stock, valued at $38,940,524.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Scott C. Donnelly sold 230,654 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $55.04, for a total transaction of $12,695,196.16. Following the sale, the chairman now directly owns 707,495 shares in the company, valued at $38,940,524.80. The disclosure for this sale can be found here. Insiders sold 458,112 shares of company stock worth $25,222,635 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

TXT has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, February 13th. Cowen reaffirmed a “buy” rating and issued a $70.00 price target on shares of Textron in a report on Monday, December 17th. ValuEngine raised shares of Textron from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. TheStreet raised shares of Textron from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Finally, Jefferies Financial Group set a $59.00 price target on shares of Textron and gave the company a “buy” rating in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Textron has a consensus rating of “Hold” and an average price target of $66.08.

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About Textron

Textron, Inc is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.

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Earnings History for Textron (NYSE:TXT)

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