Research Analysts Issue Forecasts for Textron Inc.’s FY2025 Earnings (NYSE:TXT)

Textron Inc. (NYSE:TXT) – Analysts at Zacks Research raised their FY2025 earnings estimates for Textron in a research note issued to investors on Thursday, April 18th. Zacks Research analyst R. Department now expects that the aerospace company will earn $6.95 per share for the year, up from their prior estimate of $6.93. The consensus estimate for Textron’s current full-year earnings is $6.27 per share.

Other research analysts have also recently issued reports about the stock. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $105.00 in a report on Friday, March 8th. Citigroup upped their target price on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group upped their target price on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. UBS Group upped their target price on shares of Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Finally, StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average price target of $93.63.

Textron Trading Up 1.6 %

NYSE TXT opened at $95.29 on Monday. The stock has a market capitalization of $18.33 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 1.30. Textron has a 52-week low of $61.27 and a 52-week high of $97.33. The firm has a 50-day moving average price of $91.96 and a 200 day moving average price of $83.73. The company has a quick ratio of 1.03, a current ratio of 1.92 and a debt-to-equity ratio of 0.50.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.07. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Textron had a net margin of 6.73% and a return on equity of 16.05%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.02 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Textron’s dividend payout ratio is presently 1.75%.

Institutional Trading of Textron

Several large investors have recently modified their holdings of the business. AE Wealth Management LLC boosted its position in Textron by 23.7% during the third quarter. AE Wealth Management LLC now owns 13,114 shares of the aerospace company’s stock worth $1,025,000 after acquiring an additional 2,515 shares during the last quarter. Global Retirement Partners LLC boosted its position in Textron by 393.9% during the third quarter. Global Retirement Partners LLC now owns 489 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 390 shares during the last quarter. Czech National Bank boosted its position in Textron by 45.0% during the third quarter. Czech National Bank now owns 34,619 shares of the aerospace company’s stock worth $2,705,000 after acquiring an additional 10,744 shares during the last quarter. Uncommon Cents Investing LLC acquired a new stake in Textron during the third quarter worth approximately $276,000. Finally, Bfsg LLC acquired a new stake in Textron during the third quarter worth approximately $901,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

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.