Zacks Research Boosts Earnings Estimates for Textron

Textron Inc. (NYSE:TXT - Free Report) - Equities researchers at Zacks Research boosted their FY2025 earnings per share estimates for Textron in a research note issued on Wednesday, July 23rd. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $6.06 per share for the year, up from their prior forecast of $6.05. The consensus estimate for Textron's current full-year earnings is $6.12 per share. Zacks Research also issued estimates for Textron's FY2026 earnings at $6.50 EPS and Q2 2027 earnings at $1.43 EPS.

Several other equities research analysts have also issued reports on TXT. Susquehanna lifted their price target on Textron from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday. Wall Street Zen upgraded Textron from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 13th. Morgan Stanley lifted their price target on Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. UBS Group increased their price objective on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $95.00 price objective (up previously from $85.00) on shares of Textron in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.75.

Textron Stock Down 1.8%

TXT stock traded down $1.48 during mid-day trading on Friday, hitting $79.45. The stock had a trading volume of 4,296,444 shares, compared to its average volume of 1,556,525. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.32 and a beta of 1.17. The company has a current ratio of 1.68, a quick ratio of 0.83 and a debt-to-equity ratio of 0.41. Textron has a 1-year low of $57.70 and a 1-year high of $93.98. The company has a fifty day moving average of $78.99 and a 200 day moving average of $74.71.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%. Textron's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.54 earnings per share.

Hedge Funds Weigh In On Textron

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Moody National Bank Trust Division lifted its holdings in shares of Textron by 1.2% during the 2nd quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company's stock worth $975,000 after acquiring an additional 141 shares during the period. Syon Capital LLC lifted its position in shares of Textron by 4.5% during the 4th quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company's stock worth $271,000 after buying an additional 153 shares during the period. Brooklyn Investment Group lifted its position in shares of Textron by 10.3% during the 1st quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company's stock worth $120,000 after buying an additional 156 shares during the period. Fifth Third Bancorp lifted its position in shares of Textron by 2.3% during the 2nd quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company's stock worth $567,000 after buying an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC lifted its position in shares of Textron by 6.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock worth $209,000 after buying an additional 163 shares during the period. 86.03% of the stock is owned by institutional investors.

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.