Textron (NYSE:TXT) Announces 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 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07, Zacks reports. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3,778,060 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. The firm's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. Textron updated its FY 2025 guidance to 6.000-6.200 EPS and its FY25 guidance to $6.00-6.20 EPS.

Textron Trading Down 3.5 %

TXT stock traded down $2.80 during midday trading on Wednesday, hitting $78.40. 2,516,284 shares of the company's stock were exchanged, compared to its average volume of 1,395,343. Textron has a 1-year low of $74.89 and a 1-year high of $97.33. The business has a 50-day simple moving average of $80.37 and a two-hundred day simple moving average of $85.06. The stock has a market capitalization of $14.54 billion, a PE ratio of 17.23, a P/E/G ratio of 1.21 and a beta of 1.27. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXT. TD Cowen raised shares of Textron to a "hold" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price target on shares of Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Susquehanna cut their price objective on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, UBS Group lowered their target price on Textron from $87.00 to $79.00 and set a "sell" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.