Textron (NYSE:TXT) Posts Quarterly Earnings Results

Textron (NYSE:TXT) issued its quarterly earnings data on Wednesday. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07, Zacks reports. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3,778,060 billion. Textron had a return on equity of 16.02% and a net margin of 6.30%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 earnings per share. Textron updated its FY 2025 guidance to 6.000-6.200 EPS and its FY25 guidance to $6.00-6.20 EPS.

Textron Price Performance

Shares of TXT opened at $81.12 on Wednesday. Textron has a twelve month low of $74.89 and a twelve month high of $97.33. The stock’s 50 day moving average is $80.37 and its two-hundred day moving average is $85.06. The firm has a market capitalization of $15.05 billion, a PE ratio of 17.83, a P/E/G ratio of 1.21 and a beta of 1.27. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXT. JPMorgan Chase & Co. dropped their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, January 6th. TD Cowen raised Textron to a “hold” rating in a report on Thursday, December 19th. UBS Group lowered their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird lowered their price target on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.64.

Textron Company Profile

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.