Textron (NYSE:TXT – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.40-$5.60 for the period, compared to the consensus earnings per share estimate of $6.12. Textron also updated its FY 2024 guidance to 5.400-5.600 EPS.
Textron Price Performance
Shares of NYSE:TXT opened at $81.50 on Thursday. The company’s fifty day moving average is $87.94 and its 200 day moving average is $88.23. The company has a quick ratio of 0.81, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. Textron has a 52 week low of $74.13 and a 52 week high of $97.33. The stock has a market cap of $15.27 billion, a PE ratio of 18.40, a PEG ratio of 1.43 and a beta of 1.23.
Textron Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Textron’s dividend payout ratio (DPR) is currently 1.69%.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on TXT
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.
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