EPS for Textron Inc. (TXT) Expected At $0.51

March 22, 2018 - By Vivian Currie

 EPS for Textron Inc. (TXT) Expected At $0.51
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.31, from 0.84 in 2017Q2. It improved, as 21 investors sold Textron Inc. shares while 132 reduced holdings. 57 funds opened positions while 119 raised stakes. 214.52 million shares or 0.05% less from 214.62 million shares in 2017Q2 were reported.
Ameritas Investment Prns invested in 0.01% or 6,037 shares. Hightower Advisors Limited Liability Corp reported 0.01% stake. 3.93M are held by Boston Prtnrs. Wells Fargo And Com Mn reported 0.01% stake. Integral Derivatives Limited Liability reported 0% in Textron Inc. (NYSE:TXT). Conning reported 5,777 shares. Fincl Bank Of Mellon, a New York-based fund reported 1.96M shares. 400 were accumulated by First Interstate State Bank. Mrj Cap accumulated 82,000 shares or 2.48% of the stock. The Ohio-based Pub Employees Retirement System Of Ohio has invested 0.03% in Textron Inc. (NYSE:TXT). Loring Wolcott Coolidge Fiduciary Llp Ma invested 0% in Textron Inc. (NYSE:TXT). 37,487 are held by Northcoast Asset Mgmt Ltd Llc. Westpac Bk Corp holds 0.02% or 15,823 shares in its portfolio. Td Asset Mngmt holds 0.05% of its portfolio in Textron Inc. (NYSE:TXT) for 579,274 shares. State Street reported 0.05% in Textron Inc. (NYSE:TXT).

Analysts expect Textron Inc. (NYSE:TXT) to report $0.51 EPS on April, 18.They anticipate $0.05 EPS change or 10.87 % from last quarter’s $0.46 EPS. TXT’s profit would be $132.26 million giving it 28.60 P/E if the $0.51 EPS is correct. After having $0.74 EPS previously, Textron Inc.’s analysts see -31.08 % EPS growth. The stock decreased 1.60% or $0.95 during the last trading session, reaching $58.35. About 514,151 shares traded. Textron Inc. (NYSE:TXT) has risen 23.87% since March 22, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Textron Inc. (NYSE:TXT) Ratings Coverage

Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. Morgan Stanley initiated it with “Underweight” rating and $39 target in Thursday, June 23 report. Robert W. Baird maintained the stock with “Buy” rating in Friday, November 10 report. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, September 9. The stock of Textron Inc. (NYSE:TXT) has “Buy” rating given on Monday, July 24 by Jefferies. Jefferies maintained Textron Inc. (NYSE:TXT) on Monday, January 8 with “Buy” rating. Citigroup maintained it with “Buy” rating and $61 target in Friday, October 20 report. As per Thursday, August 17, the company rating was maintained by Morgan Stanley. The rating was maintained by Wells Fargo on Friday, October 20 with “Outperform”. The stock of Textron Inc. (NYSE:TXT) earned “Buy” rating by Credit Suisse on Wednesday, April 12. The stock of Textron Inc. (NYSE:TXT) has “Outperform” rating given on Thursday, January 28 by RBC Capital Markets.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $15.13 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 51.01 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.

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