Textron (TXT) Expected to Announce Earnings on Wednesday

Textron (NYSE:TXTGet Free Report) will likely be announcing its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $1.27 per share and revenue of $3,778,060.00 billion for the quarter. Textron has set its FY 2024 guidance at 5.400-5.600 EPS and its FY24 guidance at $5.40-$5.60 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Textron (NYSE:TXTGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a net margin of 6.30% and a return on equity of 16.02%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts expect Textron to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Textron Price Performance

NYSE:TXT opened at $79.19 on Tuesday. The firm has a market cap of $14.69 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. The stock has a 50 day moving average of $80.48 and a two-hundred day moving average of $85.08. Textron has a 12 month low of $74.89 and a 12 month high of $97.33. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Friday, December 13th. Textron’s payout ratio is 1.76%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXT. Robert W. Baird lowered their target price on shares of Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. UBS Group lowered their price target on shares of Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research report on Friday, October 25th. Vertical Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Monday, January 6th. Susquehanna lowered their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen raised Textron to a “hold” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Check Out Our Latest Analysis on TXT

Textron Company Profile

(Get Free Report)

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

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Earnings History for Textron (NYSE:TXT)

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