Textron Inc. (TXT) Issues FY17 Earnings Guidance

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Textron Inc. Deutsche Bank maintained the shares of TXT in report on Monday, December 5 with "Hold" rating. Stephens assumed coverage on Textron in a research report on Thursday, April 13th. Robert W. Baird reissued an outperform rating and issued a $60.00 price objective on shares of Textron in a research note on Friday, January 20th. Jefferies Group LLC reiterated a "buy" rating and issued a $60.00 target price on shares of Textron in a report on Tuesday, March 21st. Textron presently has an average rating of "Hold" and a consensus price target of $49.11. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Textron (NYSE:TXT) opened at 46.54 on Friday. The company's 50-day moving average is $47.46 and its 200-day moving average is $46.01. The firm has a market capitalization of $12.79 billion, a PE ratio of 13.42 and a beta of 1.61.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, April 19th.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $52.92 on Textron Inc. shares. The business earned $3.09 billion during the quarter, compared to analysts' expectations of $3.16 billion.

In the trailing 12 months period, return on assets ratio of the Company was 6.30% and return on equity ratio was 18.00% while its return on investment ratio was 11.00%. Textron's revenue for the quarter was down 3.4% on a year-over-year basis.

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.

Analysts expect Textron Inc.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 1st. The ex-dividend date of this dividend was Wednesday, March 8th. Textron had 14 analyst reports since September 2, 2015 according to SRatingsIntel.

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"At Bell, revenues were down on lower military volumes for the quarter due to the timing of the H-1 deliveries", Textron chief executive Scott Donnelly told investors on a conference call, noting Bell delivered only three H-1s, down from 10 in the first quarter of 2016.

The share price of Textron Inc. Sowell Financial Services LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $209,000. Wagner Bowman Management Corp raised its stake in Textron by 8.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,130,016 shares of the company's stock worth $283,418,000 after buying an additional 85,459 shares during the period. Advisor Group Inc. now owns 4,046 shares of the aerospace company's stock valued at $161,000 after buying an additional 2,065 shares during the period. Advisor Group Inc. boosted its stake in shares of Textron by 104.2% in the third quarter.

  • Zachary Reyes