Published: Thu, April 20, 2017
Business | By Max Garcia

To Buy Or Sell Textron Inc. (NYSE:TXT) On Latest Analyst Consensus

Textron said it had adjusted per-share earnings of 46 cents a share, ahead of the FactSet consensus of 45 cents. On average, analysts forecast that Textron will post $2.58 EPS for the current fiscal year.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 25th. Revenues also declined 3.4 percent to $3.093 billion as it sold fewer business jets in its aviation division. Textron had a return on equity of 13.36% and a net margin of 6.98%. The firm's quarterly revenue was down 2.5% compared to the same quarter a year ago. During the same quarter past year, the company posted $0.81 earnings per share.

Textron shares have declined 2.5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 5 percent.

Textron's income from continuing operations fell to $100 million, or 37 cents per share, in the first quarter ended April 1, from $151 million, or 55 cents per share, a year earlier. (NYSE:TXT) stock may see increased volatility following the report. Textron Inc now has $12.50 billion valuation.

Based on the latest notes released to investors, 5 analysts have issued a rating of "buy", 5 analysts "outperform", 4 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%.

Capstone Asset Management Company decreased Textron Inc (TXT) stake by 5.09% reported in 2016Q4 SEC filing. Robert W. Baird reissued an "outperform" rating and issued a $60.00 target price on shares of Textron in a research report on Friday, January 20th.

01/26/2017 - Textron Inc. had its "outperform" rating reiterated by analysts at Credit Suisse. Zacks Investment Research downgraded shares of Textron from a "hold" rating to a "strong sell" rating in a report on Monday, January 30th. Stephens assumed coverage on Textron in a research note on Thursday, April 13th. Morgan Stanley has "Underweight" rating and $39 target. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. The stock has an average rating of Hold and an average price target of $48.50. JPMorgan Chase & Co. boosted its stake in Textron by 17.8% in the third quarter. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark law. Capital Research Global Investors raised its position in Textron by 41.2% in the third quarter. After a recent check, company stock has been trading near the $47.18 mark. Northern Trust Corp boosted its stake in Textron by 1.7% in the third quarter. Finally, Renaissance Technologies LLC purchased a new stake in Textron during the fourth quarter valued at $13,548,000. BlackRock Fund Advisors now owns 5,042,515 shares of the aerospace company's stock worth $200,440,000 after buying an additional 239,630 shares during the last quarter.

The Defense Department said Friday that Textron's Beechcraft Defense business will also provide field service representatives, report deficiencies, request maintenance support under the sole-source contract.

Aviation was Textron's second biggest business in the quarter.

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