Textron (NYSE:TXT) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Textron (NYSE:TXT - Get Free Report) issued its quarterly earnings results on Wednesday. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07, Zacks reports. The company had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3,778,060 billion. Textron had a return on equity of 16.02% and a net margin of 6.30%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 earnings per share. Textron updated its FY 2025 guidance to 6.000-6.200 EPS and its FY25 guidance to $6.00-6.20 EPS.

Textron Stock Performance

Textron stock traded down $2.80 during mid-day trading on Wednesday, reaching $78.40. 2,516,294 shares of the stock traded hands, compared to its average volume of 1,395,345. The stock has a market capitalization of $14.54 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. Textron has a 12-month low of $74.89 and a 12-month high of $97.33. The business's 50-day moving average is $80.37 and its 200-day moving average is $85.06.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TXT. Citigroup reduced their price target on Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday. Barclays dropped their target price on Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Vertical Research raised Textron from a "hold" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Monday, January 6th. Susquehanna dropped 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, JPMorgan Chase & Co. dropped their target price on Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.64.

Textron Company Profile

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.