Textron (TXT) Earns Media Sentiment Score of 0.26
Media headlines about Textron (NYSE:TXT) have trended positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Textron earned a news impact score of 0.26 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 45.4790261738957 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Zacks: Brokerages Expect Textron Inc. (TXT) Will Announce Earnings of $0.63 Per Share (americanbankingnews.com)
- Able announces Bell 429 CR&O capabilities (rotor.org)
- Textron : Able Aerospace Expands Services to India Market with Dgca Approval (4-traders.com)
- Textron (TXT) Presents At Morgan Stanley 5th Annual Laguna Conference – Slideshow (seekingalpha.com)
- Textron Inc. (TXT) stock RSI moves to 74.68-Overbought Alert – Voice Of Analysts (analystsbuzz.com)
A number of brokerages recently commented on TXT. Zacks Investment Research raised Textron from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, July 18th. BidaskClub cut Textron from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Drexel Hamilton raised Textron from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, September 11th. ValuEngine raised Textron from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Morgan Stanley lifted their price objective on Textron from $45.00 to $47.00 and gave the stock an “underweight” rating in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Textron presently has an average rating of “Hold” and an average target price of $53.42.
Textron (TXT) traded down 0.29% on Friday, reaching $51.61. The company’s stock had a trading volume of 2,331,737 shares. The firm’s 50-day moving average price is $49.17 and its 200-day moving average price is $47.87. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 15.78 and a beta of 1.56. Textron has a 52-week low of $37.19 and a 52-week high of $52.89.
Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, July 19th. The aerospace company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. Textron had a return on equity of 11.97% and a net margin of 6.45%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company posted $0.66 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Textron will post $2.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, September 14th. Textron’s dividend payout ratio (DPR) is presently 2.45%.
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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