|Bid||0.00 x 1300|
|Ask||0.00 x 1100|
|Day's Range||55.78 - 57.31|
|52 Week Range||52.33 - 72.87|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||16.76|
|Earnings Date||Oct 17, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||0.08 (0.14%)|
|1y Target Est||73.83|
With sales activity described as "robust" and a major agreement with NetJets in hand, the CEO of the parent company of Textron Aviation expects production volumes on some Wichita-built jet models to increase.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting TXT. Over the last one-month, outflows of investor capital in ETFs holding TXT totaled $3.91 billion.
Textron (TXT) signs pact with NetJets for sale of 325 Cessna Citation aircraft with the first delivery expected in the second half of 2019.
Though the industrial conglomerate's sales fell on a broad basis, missteps from its Arctic Cat business were the biggest culprit in this earnings miss.
On a day stocks fell sharply, Philip Morris bucked the trend thanks to surprisingly high earnings, and Textron stumbled in the third quarter.
Stocks that moved substantially or traded heavily on Thursday: Snap-On Inc., down $16.10 to $151.47 The tool and diagnostic products maker reported less revenue than analysts expected. Textron Inc., down ...
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates. S&P 500 technology and consumer discretionary stocks fell more than 2 percent, as did the tech-heavy Nasdaq. Wall Street's major indexes pared early losses in morning trading but reversed course to fall further as European markets closed.
Investing.com - Industrials struggled to find their footing in afternoon trading on fears earnings in the sector will be crimped by weaker margins as costs swell.
tumbled on Thursday, Oct. 18, shedding about two-thirds of its year-to-date gains, after the aerospace and defense company missed on third-quarter earnings and revenue estimates and issued a downbeat forecast. Providence, R.I.-based Textron reported income from continuing operations of $2.26 a share. "Revenues were lower in the quarter, largely reflecting declines at Industrial and Textron Systems," Textron Chairman and CEO Scott Donnelly said in a statement.
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq traded sharply lower on Thursday. Federal Reserve officials believe the best way to encourage a steady U.S. economy is to raise interest rates gradually, according to minutes from the central bank's last policy meeting. tumbled 10.5% on Thursday after the aerospace and defense company missed on third-quarter earnings and revenue estimates and issued a downbeat forecast.
Stocks sold off Thursday in a new wave of selling that sent indexes below key levels, while the Dow today erased all the week's gains.
Global industrial companies and trade bellwethers including toolmaker Snap-on, machinery leaser United Rentals and jet engine manufacturer Textron all dropped more than 8 percent Thursday. Textron and Snap-on shares both flirted with bear market territory Thursday, while Caterpillar fell to more than 21 percent below its own 52-week high. Shares of U.S. companies with significant exposure to overseas markets plunged Thursday after their earnings reports validated growing worries about a slowdown in the Chinese economy and higher input costs due to the Trump administration's tariffs.
Shares of Caterpillar Inc. tumbled 3.9% in afternoon trade, enough to pace the 28 of 30 Dow Jones Industrial Average components that were declining, after a number of disappointing earnings reports from industrial-sector peers. The construction and mining equipment maker's stock has now plunged 14.1% since closing at 4 1/2-month high of $158.22 on Oct. 3. The SPDR Industrial Select Sector ETF , of which Caterpillar is a component, slumped 1.9% to a 3 1/2-month low, with 68 of 70 equity components losing ground. The biggest loser in the ETF were shares of United Rentals Inc. , which fell 11.7% to a 13-month low after the company beat earnings and revenue expectations, but UBS cut its price target to $180 from $196 citing disappointing rates. The next biggest decliners were Textron Inc.'s stock , which dropped 9.9% on an earnings and revenue miss, and Snap-On Inc. shares , which shed 8.8% after a revenue miss. Shares of Caterpillar, which reports third-quarter earnings Oct. 23, were the fourth-biggest decliner in the ETF.
In this updated daily bar chart of TXT, below we can a fairly rapid decline from $72 down to $58. The On-Balance-Volume (OBV) line shows a peak back in early June and is close to a new low for the move down. In this weekly bar chart of TXT, below, we do not have today's price action included but we know we are trading below the rising 40-week moving average line.
Textron’s (NYSE:TXT) most recent earnings report includes earnings per share of 61 cents. This is a drop from the company’s earnings per share of 65 cents from the same period of the year prior. It was also bad news for Textron stock by coming in below Wall Street’s earnings per share estimate of 76 cents for the quarter.
UTC Aerospace Systems will supply the deicing system on Textron Aviation's in-development Cessna SkyCourier, an aircraft Textron says will first fly in 2019.
It’s a bloodbath in the market today as the S&P 500 Index (SPY) is down over 1% and the Nasdaq Composite Index (QQQ) is nearing a 2% decline, and five popular stocks are making big moves lower. United Rentals, Inc. (NYSE: URI) is down about 9.7% following the release of its third-quarter earnings results after the market closed yesterday. The company also raised its revenue outlook for the year, now calling for a range of $7.77 billion-$7.87 billion compared with its previous outlook of $7.64 billion-$7.84 billion.
The maker of Cessna jets and Bell helicopters reported third-quarter earnings per share on Thursday that missed analysts' estimates by a whopping 20 percent. The main culprit was Textron's industrial division, which sells E-Z-Go golf carts and Jacobsen turf-care equipment as well as Arctic Cat ATVs and snowmobiles (a brand it acquired last year). The Arctic Cat acquisition increased Textron's exposure to the consumer market for specialized vehicles and CEO Scott Donnelly blamed a "painful learning experience" in managing that side of the business for the underperformance.
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes. Results from Cessna business jet-maker Textron, equipment renter United Rentals and hand tools maker Snap-on Inc, which slid between 2.33 percent and 9.23 percent, only served to show corporate profit has little room to grow.