Textron (NYSE:TXT – Get Free Report) released its quarterly earnings results on Thursday. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08), Briefing.com reports. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Textron had a return on equity of 16.05% and a net margin of 6.73%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Textron updated its FY 2024 guidance to 6.200-6.400 EPS.
Textron Trading Up 2.4 %
Shares of NYSE:TXT traded up $2.07 during trading hours on Friday, hitting $86.97. 1,515,966 shares of the company’s stock traded hands, compared to its average volume of 1,205,920. Textron has a 1 year low of $61.27 and a 1 year high of $97.33. The business has a fifty day moving average price of $92.09 and a 200-day moving average price of $83.81. The firm has a market capitalization of $16.73 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.92 and a quick ratio of 1.03.
Textron Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.75%.
Wall Street Analyst Weigh In
View Our Latest Analysis on Textron
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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