Textron (TXT) Getting Somewhat Positive Media Coverage, Analysis Shows
News headlines about Textron (NYSE:TXT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Textron earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.1191813631712 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Beta Analysis: Textron Inc. (TXT) Chart on Level of Speaking Truth … – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Use of charts to make investment decisions about Textron Inc. (TXT) – Wall Street Morning (wallstreetmorning.com)
- Textron Inc. (TXT) Finds Resistance At $48.81 Levels – Morning … – Morning Outlook (morningoutlook.com)
- Textron to Release Fourth Quarter Results on … (ih.advfn.com)
- Textron to Release Fourth Quarter Results on January 31, 2018 (markets.financialcontent.com)
Several research analysts have recently commented on TXT shares. Drexel Hamilton raised Textron from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, September 11th. ValuEngine raised Textron from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research lowered Textron from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Cowen reissued a “buy” rating and issued a $60.00 price target on shares of Textron in a research report on Tuesday, November 14th. Finally, 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, October 20th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $57.82.
Textron (NYSE TXT) traded down $0.09 on Wednesday, hitting $53.92. The stock had a trading volume of 1,281,588 shares, compared to its average volume of 1,548,188. The company has a market cap of $14,535.54, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.53 and a beta of 1.57. The company has a current ratio of 2.08, a quick ratio of 0.96 and a debt-to-equity ratio of 0.67. Textron has a 52-week low of $43.66 and a 52-week high of $56.47.
Textron (NYSE:TXT) last announced 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. Textron had a return on equity of 12.02% and a net margin of 4.48%. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts forecast that Textron will post 2.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, December 14th. Textron’s dividend payout ratio is currently 3.45%.
Textron Company Profile
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.
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