Textron (TXT) to Release Quarterly Earnings on Wednesday

Textron (NYSE:TXT - Get Free Report) is expected to issue its quarterly earnings data 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.Parties interested in listening to the company's conference call can do so using this link.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The firm's revenue for the quarter 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

Shares of Textron stock traded up $0.35 on Monday, reaching $79.19. The stock had a trading volume of 1,106,722 shares, compared to its average volume of 1,080,373. The business's 50 day moving average is $80.66 and its two-hundred day moving average is $85.13. 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 has a 1 year low of $74.89 and a 1 year high of $97.33. The company 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.

Textron Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXT. Susquehanna decreased their price target on shares of Textron from $100.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. UBS Group dropped their price target on Textron from $87.00 to $79.00 and set a "sell" rating for the company in a research report on Friday, October 25th. TD Cowen upgraded shares of Textron to a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird dropped their target price on shares of Textron from $109.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Barclays reduced their price objective on Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. One investment 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. Based on data from MarketBeat.com, Textron currently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

About Textron

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.