Textron (TXT) Set to Announce Earnings on Thursday

Textron (NYSE:TXT) is scheduled to be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Textron to post earnings of $1.56 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Textron Stock Performance

Shares of TXT opened at $89.39 on Tuesday. The firm’s 50 day moving average is $87.80 and its 200-day moving average is $88.35. The stock has a market capitalization of $16.75 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.47 and a beta of 1.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 0.81. Textron has a 12-month low of $74.13 and a 12-month high of $97.33.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio is currently 1.69%.

Analyst Ratings Changes

TXT has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. UBS Group lifted their price objective on shares of Textron from $84.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, July 19th. Morgan Stanley lowered Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price for the company. in a report on Thursday, August 8th. Citigroup lifted their price target on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, TD Cowen downgraded Textron from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $103.00 to $95.00 in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Textron has an average rating of “Hold” and an average target price of $102.75.

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.