Textron (NYSE:TXT – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.00-6.20 for the period, compared to the consensus estimate of $6.24. The company issued revenue guidance of ~$14.7 billion, compared to the consensus revenue estimate of $14.61 billion. Textron also updated its FY 2025 guidance to 6.000-6.200 EPS.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on TXT shares. TD Cowen raised shares of Textron to a “hold” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price target on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Susquehanna cut their price objective on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Barclays lowered their target price on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Finally, Morgan Stanley reduced their price target on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.73.
Get Our Latest Stock Report on Textron
Textron Stock Down 3.5 %
Textron (NYSE:TXT – Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3,778,060 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.60 EPS. As a group, research analysts forecast that Textron will post 5.42 EPS for the current fiscal year.
About Textron
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.
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