Earnings on the Doorstep For Textron Inc

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Textron on Wednesday reduced its 2017 adjusted earnings forecast to $2.40-2.60 per share, from $2.50-$2.70, due to costs related to the Arctic Cat deal, which closed last month. For the last period, the company reported quarter over quarter EPS growth of -3.30% and quarter over quarter sales growth of -2.50%. (NYSE:TXT) in a research note released on Tuesday. Stephens began coverage on shares of Textron in a research report on Thursday, April 13th. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Credit Suisse maintained the stock with "Buy" rating in Wednesday, April 12 report. Robert W. Baird reissued an outperform rating and issued a $60.00 price objective on shares of Textron in a research note on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 1 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating.

Textron Inc. has a 52-week low of $34.00 and a 52-week high of $50.93.

Textron (NYSE:TXT) traded down 1.94% during mid-day trading on Tuesday, reaching $46.54. The company's 50 day moving average price is $47.47 and its 200-day moving average price is $45.76. The stock has a market capitalization of $12.57 billion, a P/E ratio of 13.20 and a beta of 1.61.

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Textron Inc. (NYSE:TXT) issued its quarterly earnings data on Wednesday.

Total revenue fell 3.4 percent to $3.09 billion, below analysts' expectations of $3.17 billion. Textron had a return on equity of 13.36% and a net margin of 6.98%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis.

Backlog at the aviation business, Textron's second-biggest business in the first quarter, was $1 billion, about flat from a year earlier. Textron's dividend payout ratio is now 2.27%.

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The business also recently declared a quarterly dividend, which was paid on Saturday, April 1st. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Wednesday, March 8th.

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Several hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Textron by 5.0% in the third quarter. Sowell Financial Services LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $209,000. Wagner Bowman Management Corp now owns 10,219 shares of the company's stock worth $406,000 after buying an additional 784 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Textron by 1.2% in the third quarter. Finally, Boston Advisors LLC raised its stake in Textron by 0.5% in the third quarter.

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