Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Textron (TXT) Share Price
Media coverage about Textron (NYSE:TXT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Textron earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 47.2993577353807 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Textron Inc. (TXT) Expected to Announce Quarterly Sales of $3.11 Billion (americanbankingnews.com)
- Textron Inc. (TXT) Expected to Announce Earnings of $0.51 Per Share (americanbankingnews.com)
- Around the world in 31 days: Cessna Longitude tour navigates the globe (bizjournals.com)
- Cessna SkyCourier Completes Initial Wind Tunnel Testing, Final Design Takes Shape (aviationpros.com)
- Bluecrest Capital Management LTD Lowered Position in Textron (TXT) by $1.47 … (ontariocanews.com)
Several analysts have weighed in on TXT shares. Stephens set a $65.00 price target on shares of Textron and gave the stock a “hold” rating in a research note on Thursday, January 11th. Cowen reissued a “buy” rating and issued a $70.00 price target on shares of Textron in a research note on Thursday, February 1st. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Textron from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Morgan Stanley raised shares of Textron from an “underweight” rating to an “equal weight” rating and set a $47.00 price target for the company in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.50.
Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 31st. The aerospace company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm 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%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. analysts predict that Textron will post 3.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Friday, March 9th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, March 8th. Textron’s dividend payout ratio (DPR) is 7.02%.
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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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