Textron (NYSE:TXT) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.65-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.70. Textron also updated its FY19 guidance to $3.65-3.85 EPS.
Shares of TXT stock opened at $49.14 on Friday. The company has a market cap of $11.37 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. Textron has a one year low of $43.27 and a one year high of $72.87. The company’s fifty day moving average price is $50.79. The company has a quick ratio of 0.99, a current ratio of 1.93 and a debt-to-equity ratio of 0.55.
Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, July 17th. The aerospace company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.43 billion. Textron had a net margin of 9.07% and a return on equity of 15.55%. The company’s revenue was down 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. As a group, equities analysts expect that Textron will post 3.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%. Textron’s dividend payout ratio is currently 2.40%.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Hope Bancorp from a strong-buy rating to a hold rating in a report on Tuesday, March 26th. Credit Suisse Group reiterated a buy rating and issued a $241.00 price target on shares of FedEx in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Textron has an average rating of Hold and a consensus price target of $63.33.
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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