Wall Street analysts expect Textron Inc. (NYSE:TXT) to post $3.40 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Textron’s earnings. The highest sales estimate is $3.51 billion and the lowest is $3.32 billion. Textron posted sales of $3.20 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The business is expected to report its next quarterly earnings results on Thursday, October 17th.
According to Zacks, analysts expect that Textron will report full year sales of $13.65 billion for the current financial year, with estimates ranging from $13.58 billion to $13.78 billion. For the next year, analysts anticipate that the company will post sales of $14.29 billion, with estimates ranging from $14.17 billion to $14.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that that provide coverage for Textron.
Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, July 17th. The aerospace company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.43 billion. Textron had a net margin of 9.07% and a return on equity of 15.55%. Textron’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS.
Shares of Textron stock traded up $0.30 on Friday, reaching $46.95. 515,592 shares of the stock were exchanged, compared to its average volume of 1,929,619. The firm’s 50 day simple moving average is $51.15. Textron has a one year low of $43.27 and a one year high of $72.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 2.17. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.26 and a beta of 1.74.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Thursday, September 12th. Textron’s dividend payout ratio (DPR) is presently 2.40%.
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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