Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Textron (TXT) Stock Price
Headlines about Textron (NYSE:TXT) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. 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 0.03 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 46.0449534984039 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Textron pays back $500M EXIM loan early (finance.yahoo.com)
- Textron Inc. (TXT) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Worth Watching Stocks Watch List: GameStop Corp., (NYSE: GME), Textron Inc., (NYSE: TXT), Illinois Tool Works Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- PLW-200X Four Drum Turret Pilot Line Winder features real-time self diagnostics. (news.thomasnet.com)
- Textron Aviation Announces 2018 University Partners for Top Hawk Program (aviationpros.com)
Shares of Textron (NYSE:TXT) traded up $0.07 during trading hours on Monday, reaching $52.97. 1,467,900 shares of the company traded hands, compared to its average volume of 1,562,360. The firm has a market capitalization of $13,950.00, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.57. Textron has a 52-week low of $43.66 and a 52-week high of $55.80. 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 (NYSE:TXT) last issued its earnings results on Thursday, October 19th. The aerospace company reported $0.65 earnings per share 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 analysts’ expectations of $3.55 billion. Textron had a net margin of 4.48% and a return on equity of 12.02%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. research analysts predict that Textron will post 2.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.15%. Textron’s dividend payout ratio (DPR) is 3.45%.
A number of research firms have commented on TXT. Zacks Investment Research cut shares of Textron from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. BidaskClub cut shares of Textron from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Drexel Hamilton raised shares of Textron from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Monday, September 11th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of Textron in a research report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.92.
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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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