News articles about Textron (NYSE:TXT) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Textron earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 46.3104490587952 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Textron Inc (TXT) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- Wichita approves IRBs for Textron Aviation upgrades – Wichita Business Journal (bizjournals.com)
- Textron Inc. (NYSE:TXT) – Hot Mover to Watch – Nasdaq Journal (nasdaqjournal.com)
- Textron Aviation seeking up to $434.8 million in IRBs for continued Wichita upgrades (bizjournals.com)
- Do What Insiders Does: Textron Inc. (TXT), Ralph Lauren Corporation (RL) – Market Movers (financialqz.com)
Shares of Textron (TXT) traded up $0.65 on Friday, hitting $60.33. 1,650,768 shares of the stock were exchanged, compared to its average volume of 1,793,508. The company has a current ratio of 1.92, a quick ratio of 0.79 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $15,622.55, a price-to-earnings ratio of 52.92, a PEG ratio of 1.88 and a beta of 1.45. Textron has a twelve month low of $45.00 and a twelve month high of $62.19.
Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Textron had a return on equity of 11.58% and a net margin of 2.16%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. analysts expect that Textron will post 3.06 earnings per share for the current fiscal year.
TXT has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Textron from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Wells Fargo & Co reiterated an “outperform” rating and issued a $67.00 price target (up from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Stephens set a $65.00 price target on shares of Textron and gave the company a “hold” rating in a research note on Thursday, January 11th. Jefferies Group reiterated a “buy” rating and issued a $65.00 price target on shares of Textron in a research note on Friday, October 20th. Finally, Credit Suisse Group dropped their price target on shares of Textron from $61.00 to $59.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. 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. The company has an average rating of “Hold” and a consensus target price of $60.50.
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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