Textron Inc. (NYSE:TXT) announced a quarterly dividend on Wednesday, October 23rd, RTT News reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.02 per share by the aerospace company on Wednesday, January 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%.
Textron stock opened at $46.79 on Thursday. The company has a fifty day simple moving average of $48.66 and a 200-day simple moving average of $49.44. The company has a quick ratio of 0.74, a current ratio of 1.92 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.26 and a beta of 1.77. Textron has a 52-week low of $42.30 and a 52-week high of $58.00.
Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, October 17th. The aerospace company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.10. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Textron had a net margin of 6.46% and a return on equity of 16.88%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, research analysts anticipate that Textron will post 3.73 EPS for the current fiscal year.
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.
See Also: Quiet Period Expirations Explained
Receive News & Ratings for Textron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron and related companies with MarketBeat.com's FREE daily email newsletter.