Somewhat Positive Press Coverage Somewhat Unlikely to Affect Textron (TXT) Share Price
News articles about Textron (NYSE:TXT) have trended somewhat positive on Wednesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing 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 closest to one being the most favorable. Textron earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 46.3663064667221 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Keep Your Active Eyes on Textron Inc. (TXT) – Wall Street Morning (wallstreetmorning.com)
- Shares Seesawing on Volume: Textron Inc (TXT) – Sparta Review (spartareview.com)
- Tanger Factory Outlet Centers, Inc. (SKT) noted a price change of -3.29% and Textron Inc. (TXT) closes with a move … – Stocks Gallery (stocksgallery.com)
- Textron Inc. (TXT) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Tcw Group Inc Sells A Little More Textron Inc. (TXT) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
Textron (NYSE TXT) opened at 49.09 on Wednesday. Textron has a 12 month low of $37.19 and a 12 month high of $50.93. The company’s 50 day moving average is $48.62 and its 200-day moving average is $47.70. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 15.01 and a beta of 1.56.
Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, July 19th. The aerospace company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.57 billion. Textron had a net margin of 6.45% and a return on equity of 11.97%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. On average, analysts expect that Textron will post $2.52 earnings per share for the current fiscal year.
The business also recently declared 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 0.16%. The ex-dividend date is Thursday, September 14th. Textron’s payout ratio is presently 2.45%.
A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Textron from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Wells Fargo & Company restated an “outperform” rating and set a $54.00 target price (up previously from $52.00) on shares of Textron in a research report on Saturday, July 22nd. Bank of America Corporation lowered shares of Textron from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $53.00 to $45.00 in a research report on Friday, July 21st. Credit Suisse Group AG restated an “outperform” rating and set a $55.00 target price (up previously from $50.00) on shares of Textron in a research report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.60.
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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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