Textron (TXT) Earns Daily Coverage Optimism Rating of 0.18
Media coverage about Textron (NYSE:TXT) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Textron earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 46.116620591727 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- Spirit AeroSystems CEO praises proposed state increases for research and training – Wichita Business Journal (bizjournals.com)
- Textron (TXT) Shareholder US Global Investors Cut Holding as Stock Price Declined; As Pacwest Bancorp Del (PACW … – Hill Country Times (hillcountrytimes.com)
- Bell Urban Air Taxi at CES (suasnews.com)
- Textron Aviation receives an order for three Cessna Citation Latitude jets from Mexico’s Aerolíneas Ejecutivas (travelprnews.com)
A number of brokerages have recently commented on TXT. Zacks Investment Research cut shares of Textron from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Jefferies Group reaffirmed a “buy” rating and issued a $60.00 target price on shares of Textron in a report on Tuesday, September 26th. Cowen reaffirmed a “buy” rating and issued a $60.00 target price on shares of Textron in a report on Thursday, October 19th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $63.00 target price (up from $54.00) on shares of Textron in a report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.73.
Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 19th. The aerospace company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Textron had a net margin of 4.48% and a return on equity of 12.02%. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the firm posted $0.61 EPS. Textron’s quarterly revenue was up 7.2% on a year-over-year basis. equities research analysts anticipate that Textron will post 2.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. Textron’s dividend payout ratio (DPR) is 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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