Textron (NYSE:TXT) Releases FY 2019 Earnings Guidance

Textron (NYSE:TXT) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.65-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.70. Textron also updated its FY19 guidance to $3.65-3.85 EPS.

TXT has been the topic of a number of recent analyst reports. Credit Suisse Group reissued a buy rating and issued a $241.00 price objective on shares of FedEx in a research note on Monday, April 1st. Zacks Investment Research lowered shares of Hope Bancorp from a strong-buy rating to a hold rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $64.60.

Shares of NYSE:TXT opened at $48.88 on Thursday. The business has a fifty day moving average of $50.70. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.76. Textron has a one year low of $43.27 and a one year high of $72.87. The company has a quick ratio of 0.99, a current ratio of 2.17 and a debt-to-equity ratio of 0.67.

Textron (NYSE:TXT) last released its earnings results on Wednesday, July 17th. The aerospace company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.43 billion. Textron had a net margin of 8.79% and a return on equity of 15.66%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS. As a group, research analysts forecast that Textron will post 3.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a $0.02 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. Textron’s dividend payout ratio is 2.40%.

Textron Company Profile

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.

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Earnings History and Estimates for Textron (NYSE:TXT)

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