Textron Inc. (TXT)
| Market Cap | 16.65B |
| Revenue (ttm) | 13.79B |
| Net Income (ttm) | 931.00M |
| Shares Out | 192.39M |
| EPS (ttm) | 4.68 |
| PE Ratio | 18.50 |
| Forward PE | 13.65 |
| Dividend | $0.08 (0.09%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 1,907,947 |
| Open | 84.51 |
| Previous Close | 84.90 |
| Day's Range | 84.32 - 87.21 |
| 52-Week Range | 61.27 - 97.34 |
| Beta | 1.30 |
| Analysts | Buy |
| Price Target | 91.27 (+5.45%) |
| Earnings Date | Apr 25, 2024 |
About TXT
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. The Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, an... [Read more]
Financial Performance
In 2023, Textron's revenue was $13.68 billion, an increase of 6.33% compared to the previous year's $12.87 billion. Earnings were $921.00 million, an increase of 6.97%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for TXT stock is "Buy." The 12-month stock price forecast is $91.27, which is an increase of 5.45% from the latest price.
News
Textron Stock Dives on Earnings Miss. It's Also Cutting Jobs.
Textron says it's experiencing reduced demand at its specialized vehicles product line and for fuel systems from European automotive manufacturers.
Textron to cut 1,500 jobs as program cancellations, weak demand hit results
Textron is expanding its restructuring plan to include about 1,500 job cuts, it said on Thursday, after U.S. Army program cancellations and lower demand for some other products hit its business.
Textron Reports First Quarter 2024 Results
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported first quarter 2024 net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023. Adjusted net i...
Textron Declares Quarterly Dividend
PROVIDENCE, R.I.--(BUSINESS WIRE)--The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on...
Textron Aviation Special Missions begins deliveries of U.S. Navy Beechcraft King Air 260 Multi-Engine Training System (METS) Aircraft
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced delivery of two Multi-Engine Training System Beechcraft King Air 260 aircraft contracted by Naval Air Systems Command.
Textron Aviation's Company-Owned Service Centers Receive Recertification as a Green Aviation Business from NATA
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation's global service network received recertification as a Green Aviation Business from the National Air Transportation Association.
Textron Aviation's Cessna Caravan family soars past 25 million flight hours
LAKELAND, Fla.--(BUSINESS WIRE)--Textron Aviation today announced the legendary Cessna Caravan turboprop family has surpassed 25 million flight hours, reinforcing the Caravan as the most produced sing...
Enhanced Cessna High-Wing Piston Aircraft Enter into Service Following First Deliveries
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announces the entry into service of its enhanced Cessna Skyhawk, Cessna Skylane, Turbo Skylane and Turbo Stationair HD.
3 Standout Small/Midcap Stocks in Active ETF TMSL
Is now the time to add midcap stocks to investor portfolios? The “Magnificent Seven” may have devolved into something more of a Fab Four, but diversification among large caps doesn't diminish the case...
Textron to Release First Quarter Results on April 25, 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its first quarter 2024 financial results on Thursday morning, April 25, 2024. Textron will also host a conference call at 8:00 ...
Textron Aviation Special Missions Cessna Grand Caravans to be Acquired to Aid in Horn of Africa Security
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced the delivery of a new Cessna Grand Caravan EX Amphibian turboprop to Malaysian property developer, Ikhasas Sdn Bhd.
What's Next For Textron Stock After 10% Gains This Year?
Textron TXT (NYSE: TXT) reported its Q4 results last month, with the top line aligning and the bottom line beating the street estimates. The company reported revenues of $3.9 billion and adjusted earn...
We don't see that rising interest rates are affecting our customers: Textron Aviation SVP
Lannie O'Bannion of Textron Aviation discusses how inflation, rising interest rates and supply chain shocks are impacting the business.
Textron Aviation's Cessna Skycourier Chosen by Hinterland Aviation for Fleet Expansion, Revolutionizing Regional Connectivity in Australia
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced a purchase agreement for the first Cessna SkyCourier passenger in Australia to regional airline Hinterland Aviation.
Textron forecasts strong 2024 profit on Black Hawk replacement contract
Textron forecast 2024 profit above analysts' estimates on Wednesday as the U.S. Army continues to replace Black Hawk helicopters with aircraft made by its Bell unit.
Textron Reports Fourth Quarter 2023 Results; Announces 2024 Financial Outlook
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported fourth quarter 2023 income from continuing operations of $1.01 per share, as compared to $1.07 per share in the fourth quarte...
After A 17% Fall In 2023 Will RTX Outperform Textron Stock?
Given its better prospects, we believe RTX Corp stock (NYSE: RTX) is a better pick than its sector peer, Textron stock (NYSE: TXT XT). RTX trades at a higher valuation multiple of 1.8x revenues vs.
Textron to Release Fourth Quarter Results on January 24, 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its fourth quarter 2023 financial results on Wednesday morning, January 24, 2024. Textron will also host a conference call at 8...
Civil Air Patrol and Textron Aviation Special Missions Celebrate Long-Standing Relationship
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation and Civil Air Patrol celebrate the delivery of four Cessna Skyhawk, one Cessna Skylane and one Cessna Turbo Stationair HD aircraft.
Laser Photonics Receives Order From Textron Systems Corporation for the MarkStar Pro Laser Marking System
ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation, a leading global developer of MarkStar laser systems for laser marking, today announced it received an order from Textron Systems Corporati...
Textron Aviation announces new SustainableAdvantage carbon offset program for Cessna, Beechcraft and Hawker owners
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced a new program to provide owners with an additional option for reducing their carbon dioxide emissions.
SOUTHWEST AIRLINES ANNOUNCES NOMINATION OF LISA ATHERTON TO JOIN ITS BOARD OF DIRECTORS
DALLAS , Dec. 8, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE: LUV) has named Lisa Atherton as a candidate to join the Board. Atherton, along with other Board nominees, ...
Cessna-maker Textron plans to cut 725 positions, or 2% of workforce
Textron Inc. TXT, the company that makes Cessna airplanes and other aircraft, said on Tuesday that it would cut around 725 positions, or 2% of its global staff, following reduced product demand for so...
Textron to cut 725 jobs as part of restructuring plan
Defense manufacturer Textron said on Tuesday it would cut 725 jobs as part of its restructuring plan in an attempt to reduce operating expenses.
Textron Aviation announces agreement to purchase 48 Cessna Skyhawks to support BAA Training
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced an agreement with BAA Training for the purchase of 48 Cessna Skyhawk aircraft.