Textron (NYSE:TXT – Get Free Report) posted its quarterly earnings results on Thursday. The aerospace company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.06), Briefing.com reports. Textron had a return on equity of 16.41% and a net margin of 6.67%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $1.49 earnings per share. Textron’s revenue was up 2.5% on a year-over-year basis. Textron updated its FY 2024 guidance to 5.400-5.600 EPS and its FY24 guidance to $5.40-$5.60 EPS.
Textron Price Performance
Shares of Textron stock opened at $82.35 on Friday. Textron has a one year low of $74.13 and a one year high of $97.33. The stock’s fifty day moving average is $87.70 and its 200 day moving average is $88.09. The stock has a market cap of $15.43 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.43 and a beta of 1.23. 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 Announces Dividend
The business 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Textron’s dividend payout ratio is currently 1.69%.
Analysts Set New Price Targets
View Our Latest Stock 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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