Media coverage about Textron (NYSE:TXT) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Textron earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 46.5677838428558 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Unattended Ground Sensor Market Development by 2023: Harris, Textron Systems, Northrop Grumman and ARA (opinioninvestor.com)
- Global Micro Electric Automotive Market Analysis 2018 Textron, Byvin, Yogomo, Polaris, Shifeng, Dojo, Lichi, Tangjun … (newspharmaceuticals.com)
- Cat’s Out of the Bag: We Drive Textron Off Road’s New Wildcat XX (fourwheeler.com)
- Textron Aviation China Reps Order 52 Skyhawks (ainonline.com)
- Should You Buy Textron (TXT) Ahead of Earnings? April 17, 2018 (zacks.com)
TXT has been the topic of a number of recent research reports. Zacks Investment Research upgraded Textron from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded Textron from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Cowen reiterated a “buy” rating and set a $70.00 price target on shares of Textron in a report on Monday, January 8th. Stephens set a $65.00 target price on Textron and gave the stock a “hold” rating in a research report on Thursday, January 11th. Finally, Wells Fargo reissued an “outperform” rating and issued a $67.00 target price (up from $59.00) on shares of Textron in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Textron presently has a consensus rating of “Hold” and an average price target of $63.09.
Shares of NYSE TXT traded up $0.57 during mid-day trading on Tuesday, hitting $60.00. The company had a trading volume of 2,000,655 shares, compared to its average volume of 1,603,875. The stock has a market cap of $15,318.90, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36. Textron has a 1 year low of $45.00 and a 1 year high of $62.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.06 and a current ratio of 2.19.
Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.03). The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.06 billion. Textron had a net margin of 2.16% and a return on equity of 11.58%. Textron’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. sell-side analysts predict that Textron will post 3.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, March 8th. Textron’s dividend payout ratio (DPR) is presently 3.27%.
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Textron Company Profile
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.
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