Earnings results for Textron (NYSE:TXT)
Textron Inc. is expected* to report earnings on 04/29/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.47. The reported EPS for the same quarter last year was $0.35.
Textron last posted its earnings results on January 27th, 2021. The aerospace company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.15. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.50 billion. Its quarterly revenue was down 8.9% on a year-over-year basis. Textron has generated $3.74 earnings per share over the last year and currently has a price-to-earnings ratio of 51.9. Textron has confirmed that its next quarterly earnings report will be published on Thursday, April 29th, 2021.
Analyst Opinion on Textron (NYSE:TXT)
11 Wall Street analysts have issued ratings and price targets for Textron in the last 12 months. Their average twelve-month price target is $52.27, predicting that the stock has a possible downside of 15.35%. The high price target for TXT is $72.00 and the low price target for TXT is $30.00. There are currently 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Textron has received a consensus rating of Buy. The company’s average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $52.27, Textron has a forecasted downside of 15.3% from its current price of $61.75. Textron has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Textron (NYSE:TXT)
Textron has a dividend yield of 0.13%, which is in the bottom 25% of all stocks that pay dividends. Textron has only been increasing its dividend for 1 years. The dividend payout ratio of Textron is 2.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Textron will have a dividend payout ratio of 2.97% next year. This indicates that Textron will be able to sustain or increase its dividend.
Insiders buying/selling: Textron (NYSE:TXT)
In the past three months, Textron insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $170,775.00 in company stock. Only 1.40% of the stock of Textron is held by insiders. 85.57% of the stock of Textron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Textron (NYSE:TXT
Earnings for Textron are expected to grow by 43.09% in the coming year, from $1.88 to $2.69 per share. The P/E ratio of Textron is 51.89, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.88. The P/E ratio of Textron is 51.89, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 76.70. Textron has a PEG Ratio of 6.44. PEG Ratios above 1 indicate that a company could be overvalued. Textron has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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