Textron (NYSE:TXT – Get Free Report) released its quarterly earnings data on Thursday. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.06), Briefing.com reports. Textron had a net margin of 6.67% and a return on equity of 16.41%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the firm posted $1.49 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Textron updated its FY 2024 guidance to 5.400-5.600 EPS and its FY24 guidance to $5.40-$5.60 EPS.
Textron Price Performance
Shares of Textron stock traded up $1.09 during trading on Friday, hitting $82.58. 873,381 shares of the stock traded hands, compared to its average volume of 1,073,582. The company has a quick ratio of 0.81, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. The stock has a market cap of $15.47 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.43 and a beta of 1.23. The firm’s fifty day moving average is $87.81 and its 200-day moving average is $88.19. Textron has a 52 week low of $74.13 and a 52 week high of $97.33.
Textron Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Textron’s dividend payout ratio (DPR) is presently 1.69%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on TXT
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.
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