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.
COPYRIGHT VIOLATION WARNING: “Textron (TXT) Scheduled to Post Quarterly Earnings on Wednesday” was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.thestockobserver.com/2019/04/16/textron-txt-scheduled-to-post-quarterly-earnings-on-wednesday.html.
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.
Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?
Receive News & Ratings for Textron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron and related companies with MarketBeat.com's FREE daily email newsletter.