Textron (NYSE:TXT) Issues Earnings Results

Textron (NYSE:TXT) posted its earnings results on Wednesday. The aerospace company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07, Zacks reports. Textron had a return on equity of 16.02% and a net margin of 6.30%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3,778,060 billion. During the same quarter in the previous year, the firm earned $1.60 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Textron updated its FY 2025 guidance to 6.000-6.200 EPS and its FY25 guidance to $6.00-6.20 EPS.

Textron Stock Up 2.5 %

Textron stock opened at $81.12 on Wednesday. Textron has a 1-year low of $74.89 and a 1-year high of $97.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. The stock has a market cap of $15.05 billion, a PE ratio of 17.83, a P/E/G ratio of 1.21 and a beta of 1.27. The stock’s fifty day moving average is $80.37 and its two-hundred day moving average is $85.06.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen upgraded Textron to a “hold” rating in a report on Thursday, December 19th. UBS Group lowered their target price on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. Susquehanna decreased their price objective on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird cut their price target on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Textron presently has an average rating of “Moderate Buy” and an average price target of $97.64.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.