Textron (NYSE:TXT) Posts Earnings Results, Beats Estimates By $0.07 EPS

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

Textron Stock Down 3.5 %

TXT opened at $78.40 on Thursday. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $80.19 and its 200 day simple moving average is $85.01. Textron has a 1-year low of $74.89 and a 1-year high of $97.33. The stock has a market cap of $14.54 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.27.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group decreased their target price on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. TD Cowen upgraded Textron to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays cut their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Finally, Susquehanna lowered their price objective on shares of Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.