Textron (NYSE:TXT – Get Free Report) updated its FY24 earnings guidance on Thursday. 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 Stock Down 6.2 %
Textron stock opened at $81.50 on Thursday. The firm has a 50 day moving average price of $87.94 and a two-hundred day moving average price of $88.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.79. Textron has a 52-week low of $74.13 and a 52-week high of $97.33. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 1.43 and a beta of 1.23.
Textron Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. Textron’s payout ratio is 1.69%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis 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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