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NYSE:TXT - Textron Stock Price, Forecast & News

$24.87
-1.80 (-6.75 %)
(As of 04/1/2020 04:00 PM ET)
Today's Range
$24.19
Now: $24.87
$25.64
50-Day Range
$21.66
MA: $36.49
$50.46
52-Week Range
$20.26
Now: $24.87
$58.00
Volume173,569 shs
Average Volume3.04 million shs
Market Capitalization$5.66 billion
P/E Ratio7.09
Dividend Yield0.29%
Beta1.7
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. Its Bell segment provides military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company's Textron Systems segment offers unmanned, marine, and land systems; simulation, training, and other defense and aviation mission support products and systems; airborne and ground-based sensors and surveillance systems, and protection systems; precision guided weapons systems; armored vehicles, turrets, and related subsystems, as well as marine craft; test equipment and electronic warfare test, and training solutions; piston aircraft engines; and intelligence software solutions. This segment also designs, develops, manufactures, installs, and maintains full flight simulators; and offers logistics support services. Its Industrial segment offers blow-molded plastic fuel systems and fuel systems, including pressurized fuel tanks for hybrid applications, clear-vision systems, catalytic reduction systems, cast iron engine components, and other fuel system components primarily to automobile OEMs, as well as plastic bottles and containers for various uses; golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles that are marketed to golf courses and resorts, government agencies and municipalities, consumers, and commercial and industrial users. The company's Finance segment provides financing to purchase new and pre-owned aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
Read More
Textron logo

Industry, Sector and Symbol

Industry Aircraft & parts
Sub-IndustryAerospace & Defense
SectorAerospace
CUSIP88320310
Phone401-421-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.63 billion
Cash Flow$5.07 per share
Book Value$24.17 per share

Profitability

Net Income$815 million

Miscellaneous

Employees35,000
Market Cap$5.66 billion
Next Earnings Date4/22/2020 (Confirmed)
OptionableOptionable

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Textron (NYSE:TXT) Frequently Asked Questions

How has Textron's stock been impacted by COVID-19 (Coronavirus)?

Textron's stock was trading at $30.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TXT stock has decreased by 18.4% and is now trading at $24.68. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Textron?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Textron.

When is Textron's next earnings date?

Textron is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Textron.

How can I listen to Textron's earnings call?

Textron will be holding an earnings conference call on Wednesday, April 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) released its quarterly earnings results on Wednesday, January, 29th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.03. The aerospace company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.94 billion. Textron had a net margin of 5.98% and a return on equity of 16.16%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.15 earnings per share. View Textron's earnings history.

How often does Textron pay dividends? What is the dividend yield for Textron?

Textron announced a quarterly dividend on Wednesday, February 26th. Shareholders of record on Friday, March 13th will be given a dividend of $0.02 per share on Wednesday, April 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, March 12th. View Textron's dividend history.

What guidance has Textron issued on next quarter's earnings?

Textron updated its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $3.50-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.67. The company issued revenue guidance of $14.0 billion, compared to the consensus revenue estimate of $13.99 billion.

What price target have analysts set for TXT?

8 brokerages have issued 12-month price objectives for Textron's shares. Their forecasts range from $26.00 to $58.00. On average, they anticipate Textron's stock price to reach $49.14 in the next twelve months. This suggests a possible upside of 99.1% from the stock's current price. View analysts' price targets for Textron.

Has Textron been receiving favorable news coverage?

News headlines about TXT stock have trended very negative this week, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Textron earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave media coverage about the aerospace company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutTextron.

Are investors shorting Textron?

Textron saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 5,110,300 shares, an increase of 9.0% from the February 27th total of 4,690,000 shares. Based on an average daily volume of 1,840,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.3% of the company's stock are sold short. View Textron's Current Options Chain.

Who are some of Textron's key competitors?

What other stocks do shareholders of Textron own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Textron investors own include Bank of America (BAC), Intelsat (I), Micron Technology (MU), NVIDIA (NVDA), Fossil Group (FOSL), Apollo Global Management (APO), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH) and First Data (FDC).

Who are Textron's key executives?

Textron's management team includes the following people:
  • Mr. Scott C. Donnelly, Chairman, Pres & CEO (Age 57)
  • Mr. Frank Thomas Connor, Exec. VP & CFO (Age 59)
  • Mr. E. Robert Lupone, Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 59)
  • Ms. Julie G. Duffy, Exec. VP of HR (Age 53)
  • Mr. Mark S. Bamford, VP, Corp. Controller & Principal Accounting Officer (Age 55)

What is Textron's stock symbol?

Textron trades on the New York Stock Exchange (NYSE) under the ticker symbol "TXT."

How do I buy shares of Textron?

Shares of TXT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Textron's stock price today?

One share of TXT stock can currently be purchased for approximately $24.68.

How big of a company is Textron?

Textron has a market capitalization of $5.62 billion and generates $13.63 billion in revenue each year. The aerospace company earns $815 million in net income (profit) each year or $3.74 on an earnings per share basis. Textron employs 35,000 workers across the globe. View additional information about Textron.

What is Textron's official website?

The official website for Textron is http://www.textron.com/.

How can I contact Textron?

Textron's mailing address is 40 WESTMINSTER STREET, PROVIDENCE RI, 02903. The aerospace company can be reached via phone at 401-421-2800.


MarketBeat Community Rating for Textron (NYSE TXT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  533 (Vote Outperform)
Underperform Votes:  511 (Vote Underperform)
Total Votes:  1,044
MarketBeat's community ratings are surveys of what our community members think about Textron and other stocks. Vote "Outperform" if you believe TXT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TXT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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