Research Analysts Issue Forecasts for Textron Inc.’s FY2025 Earnings (NYSE:TXT)

Textron Inc. (NYSE:TXT) – Stock analysts at Zacks Research lifted their FY2025 earnings estimates for Textron in a research report issued on Thursday, April 18th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $6.95 per share for the year, up from their prior estimate of $6.93. The consensus estimate for Textron’s current full-year earnings is $6.27 per share.

Textron (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. Textron had a net margin of 6.73% and a return on equity of 16.05%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis.

TXT has been the topic of several other research reports. UBS Group increased their price target on shares of Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. The Goldman Sachs Group increased their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup increased their price target on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Textron has a consensus rating of “Moderate Buy” and an average target price of $93.63.

Textron Stock Performance

TXT stock opened at $95.29 on Monday. The firm has a 50 day moving average of $91.96 and a two-hundred day moving average of $83.73. Textron has a 12 month low of $61.27 and a 12 month high of $97.33. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 1.30. The company has a quick ratio of 1.03, a current ratio of 1.92 and a debt-to-equity ratio of 0.50.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.02 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Textron’s payout ratio is presently 1.75%.

Institutional Trading of Textron

Several hedge funds and other institutional investors have recently bought and sold shares of TXT. Adage Capital Partners GP L.L.C. grew its position in Textron by 93.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock worth $115,193,000 after purchasing an additional 713,169 shares during the last quarter. Swiss National Bank acquired a new stake in Textron in the 3rd quarter worth $50,696,000. JPMorgan Chase & Co. grew its position in Textron by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock worth $448,923,000 after purchasing an additional 596,214 shares during the last quarter. LSV Asset Management grew its position in Textron by 15.9% in the 4th quarter. LSV Asset Management now owns 3,793,047 shares of the aerospace company’s stock worth $305,037,000 after purchasing an additional 521,276 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Textron in the 4th quarter worth $394,347,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

About Textron

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.