Textron (TXT) Set to Announce Earnings on Wednesday
Textron (NYSE:TXT) will announce its earnings results before the market opens on Wednesday, April 18th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Textron has set its FY18 guidance at $2.95-3.15 EPS.
Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Textron had a return on equity of 11.58% and a net margin of 2.16%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. On average, analysts expect Textron to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Textron stock opened at $59.43 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $15,318.90, a P/E ratio of 24.26, a P/E/G ratio of 1.85 and a beta of 1.36. Textron has a twelve month low of $45.00 and a twelve month high of $62.19.
Several research firms recently weighed in on TXT. Cowen restated a “buy” rating and issued a $70.00 price target on shares of Textron in a research note on Thursday, February 1st. Wells Fargo restated an “outperform” rating and issued a $67.00 price target (up previously from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Stephens set a $66.00 price target on Textron and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Textron from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Jefferies Group restated a “buy” rating and issued a $74.00 price target on shares of Textron in a research note on Sunday, February 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Textron currently has an average rating of “Hold” and an average price target of $63.09.
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.
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