In the latest session, Textron Inc. (NYSE: TXT) closed at $62.27 down -2.66% from its previous closing price of $63.97. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 1573961 shares were traded. TXT stock price reached its highest trading level at $62.97 during the session, while it also had its lowest trading level at $62.11.
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Ratios:
For a deeper understanding of Textron Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.39. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 21 when DONNELLY SCOTT C sold 222,319 shares for $73.35 per share. The transaction valued at 16,307,179 led to the insider holds 683,136 shares of the business.
Connor Frank T sold 63,361 shares of TXT for $4,647,735 on Feb 21. The Executive Vice President & CFO now owns 151,455 shares after completing the transaction at $73.35 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TXT now has a Market Capitalization of 13.50B and an Enterprise Value of 14.96B. As of this moment, Textron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.34, and their Forward P/E ratio for the next fiscal year is 10.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 1.16 whereas that against EBITDA is 9.96.
Stock Price History:
Over the past 52 weeks, TXT has reached a high of $76.11, while it has fallen to a 52-week low of $57.11. The 50-Day Moving Average of the stock is 67.02, while the 200-Day Moving Average is calculated to be 67.93.
Shares Statistics:
For the past three months, TXT has traded an average of 1.42M shares per day and 1.19M over the past ten days. A total of 204.84M shares are outstanding, with a floating share count of 200.71M. Insiders hold about 0.45% of the company’s shares, while institutions hold 86.80% stake in the company. Shares short for TXT as of Apr 27, 2023 were 5.74M with a Short Ratio of 5.74M, compared to 5.86M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.84% and a Short% of Float of 3.24%.
Dividends & Splits
According to the company, the forward annual dividend rate for TXT is 0.08, from 0.08 in the trailing year. Against a Trailing Annual Dividend Yield of 0.13%, it implies a Forward Annual Dividend Yield of 0.13%. The stock’s 5-year Average Dividend Yield is 0.15. The current Payout Ratio is 2.00% for TXT, which recently paid a dividend on Jun 30, 2023 with an ex-dividend date of Jun 07, 2023. Stock splits for the company last occurred on Aug 26, 2007 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.21 for the current quarter, with a high estimate of $1.34 and a low estimate of $1.1, while EPS last year was $1. The consensus estimate for the next quarter is $1.33, with high estimates of $1.41 and low estimates of $1.22.
Analysts are recommending an EPS of between $5.25 and $5.09 for the fiscal current year, implying an average EPS of $5.16. EPS for the following year is $5.8, with 13 analysts recommending between $6.26 and $5.5.
Revenue Estimates
A total of 10 analysts believe the company’s revenue will be $3.4B this quarter.It ranges from a high estimate of $3.49B to a low estimate of $3.25B. As of the current estimate, Textron Inc.’s year-ago sales were $3.15B, an estimated increase of 7.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $3.48B, an increase of 13.00% over than the figure of $7.80% in the same quarter last year. There is a high estimate of $3.62B for the next quarter, whereas the lowest estimate is $3.37B.
A total of 13 analysts have provided revenue estimates for TXT’s current fiscal year. The highest revenue estimate was $14B, while the lowest revenue estimate was $13.69B, resulting in an average revenue estimate of $13.91B. In the same quarter a year ago, actual revenue was $12.87B, up 8.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $14.72B in the next fiscal year. The high estimate is $15.18B and the low estimate is $14.41B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
