Textron Inc. (NYSE:TXT) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.52.

A number of research firms have weighed in on TXT. Citigroup Inc. upped their price target on Textron from $54.00 to $61.00 and gave the stock a buy rating in a research report on Friday. Wells Fargo & Company upped their price target on Textron from $54.00 to $59.00 and gave the stock an outperform rating in a research report on Friday. Credit Suisse Group reduced their price target on Textron from $61.00 to $59.00 and set an outperform rating for the company in a research report on Friday. BidaskClub downgraded Textron from a sell rating to a strong sell rating in a research report on Tuesday, June 27th. Finally, Cowen and Company reiterated a buy rating and set a $60.00 price objective on shares of Textron in a research note on Thursday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Textron currently has an average rating of Hold and an average price target of $55.69.

Textron Inc. (NYSE:TXT) opened at 53.74 on Friday. The company has a market cap of $14.23 billion, a PE ratio of 16.43 and a beta of 1.59. Textron Inc. has a 52-week low of $38.79 and a 52-week high of $55.80. The firm’s 50-day moving average price is $52.82 and its 200 day moving average price is $48.99.

Textron (NYSE:TXT) last issued its earnings results on Thursday, October 19th. The aerospace company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.55 billion. Textron had a return on equity of 12.02% and a net margin of 4.48%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, equities analysts predict that Textron Inc. will post $2.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were paid a $0.02 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.15%. Textron’s payout ratio is presently 3.45%.

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About Textron

Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.

Earnings History and Estimates for Textron (NYSE:TXT)

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