Textron Inc. (TXT) EPS Estimated At $0.76

September 25, 2018 - By Elena Maslow

Textron Inc. (NYSE:TXT) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.18, from 0.83 in 2018Q1. It improved, as 22 investors sold Textron Inc. shares while 149 reduced holdings. 66 funds opened positions while 106 raised stakes. 204.61 million shares or 3.15% less from 211.27 million shares in 2018Q1 were reported.
Cibc Asset Mgmt holds 0.01% or 25,620 shares. 150 were accumulated by Mark Sheptoff Planning Ltd. Earnest Partners Ltd Co, Georgia-based fund reported 127 shares. Pension Service owns 286,583 shares or 0.09% of their US portfolio. Wellington Management Grp Inc Llp stated it has 0% of its portfolio in Textron Inc. (NYSE:TXT). Cadence Ltd Company owns 0.04% invested in Textron Inc. (NYSE:TXT) for 9,036 shares. 400 were accumulated by Litman Gregory Asset Mngmt Limited Co. 58,060 are owned by Churchill Corp. Point72 Asset Mngmt Limited Partnership has invested 0.06% in Textron Inc. (NYSE:TXT). 1832 Asset Mngmt Limited Partnership reported 0% of its portfolio in Textron Inc. (NYSE:TXT). Regions Fincl Corp stated it has 839 shares. Art Advsrs Ltd Llc accumulated 13,200 shares or 0.04% of the stock. Moreover, Victory Mngmt has 0.58% invested in Textron Inc. (NYSE:TXT) for 4.14M shares. 11,129 are held by Ls Advisors Ltd. Mitsubishi Ufj Trust And Banking Corporation reported 537,856 shares stake.

Since April 27, 2018, it had 0 insider purchases, and 3 insider sales for $20.69 million activity. 45,000 shares were sold by Lupone E Robert, worth $3.04M on Monday, July 30. Connor Frank T had sold 80,000 shares worth $5.04M on Friday, April 27.

Analysts expect Textron Inc. (NYSE:TXT) to report $0.76 EPS on October, 18.They anticipate $0.11 EPS change or 16.92 % from last quarter’s $0.65 EPS. TXT’s profit would be $188.80M giving it 23.47 P/E if the $0.76 EPS is correct. After having $0.87 EPS previously, Textron Inc.’s analysts see -12.64 % EPS growth. The stock decreased 0.64% or $0.46 during the last trading session, reaching $71.36. About 851,063 shares traded. Textron Inc. (NYSE:TXT) has risen 33.07% since September 25, 2017 and is uptrending. It has outperformed by 17.45% the S&P500.

Textron Inc. (NYSE:TXT) Ratings Coverage

Among 8 analysts covering Textron (NYSE:TXT), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Textron had 11 analyst reports since March 29, 2018 according to SRatingsIntel. The stock of Textron Inc. (NYSE:TXT) has “Overweight” rating given on Monday, July 23 by JP Morgan. The firm has “Buy” rating by Citigroup given on Tuesday, April 10. Barclays Capital maintained the stock with “Overweight” rating in Thursday, April 19 report. Bank of America maintained the shares of TXT in report on Wednesday, July 25 with “Buy” rating. The stock of Textron Inc. (NYSE:TXT) earned “Equal-Weight” rating by Morgan Stanley on Thursday, July 12. Stephens maintained the shares of TXT in report on Monday, April 16 with “Hold” rating. The rating was upgraded by Bank of America on Thursday, April 19 to “Buy”. The rating was maintained by Robert W. Baird on Thursday, April 19 with “Outperform”. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, April 12. The firm has “Buy” rating by Wells Fargo given on Thursday, April 19.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $17.73 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 40.36 P/E ratio. The Textron Aviation segment makes and sells business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

More news for Textron Inc. (NYSE:TXT) were recently published by: Bizjournals.com, which released: “Textron Aviation confident in future of Cessna Citation Hemisphere” on September 24, 2018. Fool.com‘s article titled: “Here Are the Big Winners in the 2019 Defense Budget” and published on September 22, 2018 is yet another important article.

Textron Inc. (NYSE:TXT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.