Textron (TXT) Given Daily Media Sentiment Rating of 0.12
Headlines about Textron (NYSE:TXT) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Textron earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 46.2000184237325 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Textron Inc. (NYSE:TXT) Expected to Announce Earnings of $0.62 Per Share (americanbankingnews.com)
- Boeing (BA) Secures 12 737 MAX Jets Order from Air Lease – Nasdaq (nasdaq.com)
- Lsv Asset Management Sells A Little More Textron Inc. (TXT) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
- Sumitomo Mitsui Trust Holdings, Inc. Bought A Little More Textron Inc. (TXT) Stock (highlightpress.com)
- Textron Inc. (NYSE:TXT) Trading Volume Significantly Lower – Highlight Press (highlightpress.com)
A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Textron from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of Textron in a research report on Thursday, May 18th. Bank of America Corporation downgraded shares of Textron from a “buy” rating to an “underperform” rating and cut their target price for the company from $53.00 to $45.00 in a research report on Friday, July 21st. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Textron in a research report on Wednesday, May 24th. Finally, Stephens assumed coverage on shares of Textron in a research report on Thursday, April 13th. They set an “equal weight” rating and a $54.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.60.
Shares of Textron (TXT) traded down 1.81% during mid-day trading on Thursday, hitting $48.24. 1,172,572 shares of the company were exchanged. The firm has a 50 day moving average of $48.34 and a 200 day moving average of $47.69. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 14.75 and a beta of 1.56. Textron has a 12-month low of $37.19 and a 12-month high of $50.93.
Textron (NYSE:TXT) last announced its earnings results on Wednesday, July 19th. The aerospace company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. Textron had a return on equity of 11.97% and a net margin of 6.45%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Textron will post $2.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Thursday, September 14th. Textron’s payout ratio is presently 2.45%.
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Textron Company Profile
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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