Textron’s Earnings Revised Down by Zacks ResearchTextron’s Earnings Revised Down by Zacks Research Textron Inc. (TXT) Zacks Research has lowered its earnings estimates for Textron’s 2026 first quarter, with analyst R. Department predicting $1.77 EPS, down from the previous forecast of $1.78. The consensus estimate for Textron’s full-year 2026 earnings is $6.27 per share. Zacks Research also estimated the company’s FY2026 earnings at $7.31 EPS. Analyst Ratings Several other analysts have issued research reports on Textron: * StockNews.com: Downgraded from “strong-buy” to “buy” * Goldman Sachs Group: Increased price target from $103.00 to $120.00, “buy” rating * Susquehanna: Lowered price target from $110.00 to $105.00, “positive” rating * Citigroup: Increased price target from $104.00 to $111.00, “buy” rating Stock Performance Textron shares opened at $94.00 on Wednesday, with a 50-day simple moving average of $87.13 and a 200-day simple moving average of $87.69. The stock has a 12-month low of $67.04 and a 12-month high of $97.33. The average analyst rating is “Moderate Buy” with a consensus price target of $99.29. Financial Results Textron reported earnings of $1.20 EPS for the first quarter of 2023, missing the consensus estimate of $1.28. The company had revenue of $3.14 billion, compared to analysts’ expectations of $3.29 billion. Dividend Announcement Textron recently declared a quarterly dividend of $0.02 per share, payable on Monday, July 1st. The ex-dividend date was Friday, June 14th. Insider Activity Director Kathleen M. Bader sold 11,870 shares in May 2023, reducing her ownership to 3,756 shares. Institutional Ownership Institutional investors hold approximately 86.03% of Textron’s shares. Major investors include CVA Family Office LLC, Morton Brown Family Wealth LLC, Jones Financial Companies Lllp, Benjamin F. Edwards & Company Inc., and Spire Wealth Management. Company Profile Textron Inc. operates in the aerospace, defense, industrial, and financial industries through its segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance.
Textron Inc. (NYSE:TXT – Free Report) – Zacks Research lowered its Q1 2026 earnings estimates for shares of Textron in a research report issued on Tuesday, July 16. Zacks Research analyst R. Department now expects the aerospace company to report $1.77 EPS for the quarter, down from their previous forecast of $1.78. The consensus estimate for Textron’s full year current earnings is $6.27 per share. Zacks Research also issued estimates for Textron’s FY2026 earnings of $7.31 EPS.
TXT has been the subject of a number of other research reports. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. The Goldman Sachs Group increased their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Susquehanna lowered their price target on shares of Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research report on Friday, April 26th. Finally, Citigroup increased their price target on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.29.
Get our latest stock analysis on TXT
Textron shares rise 3.2%
Shares of NYSE:TXT opened at $94.00 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $87.13 and a 200-day simple moving average of $87.69. Textron has a 12-month low of $67.04 and a 12-month high of $97.33. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.45 and a beta of 1.25.
Textron (NYSE:TXT – Get Free Report) last released its earnings results on Thursday, April 25. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.08). The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Textron had a net margin of 6.75% and a return on equity of 16.30%. Textron’s revenue for the quarter increased 3.7% year over year. In the year-ago quarter, the company reported $1.05 EPS.
Textron Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a dividend of $0.02. This represents an annualized dividend of $0.08 and a yield of 0.09%. The ex-dividend date was Friday, June 14th. Textron’s dividend payout ratio is currently 1.71%.
Insiders place their bets
In other news, Director Kathleen M. Bader sold 11,870 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $87.91, for a total transaction of $1,043,491.70. Following the transaction, the Director now directly owns 3,756 shares of the company’s stock, valued at approximately $330,189.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. 1.70% of the shares are currently held by insiders.
Institutional investors weigh Textron
Major investors have recently made changes to their positions in the company. CVA Family Office LLC purchased a new position in shares of Textron during the 4th quarter worth approximately $29,000. Morton Brown Family Wealth LLC purchased a new position in shares of Textron during the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp increased its stake in shares of Textron by 200.0% during the 4th quarter. Jones Financial Companies Lllp now owns 507 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 338 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Textron by 677.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 544 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 474 shares during the period. Finally, Spire Wealth Management grew its stake in shares of Textron by 90.3% in the 4th quarter. Spire Wealth Management now owns 588 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 279 shares during the period. 86.03% of the shares are currently held by institutional investors.
Textron Company Profile
(Get free report)
Textron Inc. operates worldwide in the aerospace, defense, industrial and financial industries. 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 training and defense aircraft; and provides maintenance, inspection and repair services, as well as the sale of commercial parts.
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