Zacks Research Has Strong Estimate for Textron Q2 Earnings

Textron Inc. (NYSE:TXT) – Analysts at Zacks Research raised their Q2 2027 EPS estimates for Textron in a note issued to investors on Tuesday, October 14th. Zacks Research analyst Team now anticipates that the aerospace company will post earnings of $1.35 per share for the quarter, up from their previous estimate of $1.33. The consensus estimate for Textron’s current full-year earnings is $6.12 per share.

Several other research analysts have also recently issued reports on TXT. The Goldman Sachs Group reissued a “neutral” rating and set a $85.00 target price (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Morgan Stanley raised their target price on shares of Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, UBS Group raised shares of Textron from a “sell” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $88.00 in a report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Textron currently has an average rating of “Hold” and an average target price of $92.45.

Textron Trading Down 1.0%

Shares of Textron stock opened at $81.66 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. The firm has a fifty day moving average price of $82.00 and a 200 day moving average price of $77.36. Textron has a 1 year low of $57.70 and a 1 year high of $91.30. The stock has a market cap of $14.55 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Textron had a net margin of 5.80% and a return on equity of 14.26%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Textron by 84.6% in the third quarter. CWM LLC now owns 68,619 shares of the aerospace company’s stock valued at $5,798,000 after buying an additional 31,448 shares in the last quarter. Secured Retirement Advisors LLC purchased a new stake in shares of Textron during the third quarter worth about $795,000. Delphi Management Inc. MA increased its stake in shares of Textron by 4.3% during the third quarter. Delphi Management Inc. MA now owns 18,279 shares of the aerospace company’s stock worth $1,544,000 after purchasing an additional 759 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Textron by 155.6% during the third quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 280 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Textron by 92.0% during the third quarter. IFM Investors Pty Ltd now owns 18,404 shares of the aerospace company’s stock worth $1,537,000 after purchasing an additional 8,817 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Insiders Place Their Bets

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of Textron stock in a transaction on Friday, July 25th. The shares were sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president owned 37,624 shares of the company’s stock, valued at approximately $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is presently 1.81%.

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.