|Bid||25.11 x 900|
|Ask||26.59 x 800|
|Day's Range||24.30 - 25.37|
|52 Week Range||20.26 - 58.00|
|Beta (5Y Monthly)||1.88|
|PE Ratio (TTM)||7.10|
|Earnings Date||Apr 21, 2020|
|Forward Dividend & Yield||0.08 (0.32%)|
|Ex-Dividend Date||Mar 11, 2020|
|1y Target Est||45.27|
A 364-day term loan credit agreement strengthens cash position as full impact of COVID-19 "has not yet been ascertained."
Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that Textainer's Board of Directors authorized an increase to the Company's share repurchase program of up to $25 million of the Company's outstanding common shares. The authorization is effective immediately and adds to the previous $25 million program, which had approximately $1.0 million remaining authorized and available for repurchase as of March 27, 2020. Purchases under the share repurchase program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations.
“This should be considered a matter of national security and there is no time to waste," implores local union president.
As major North Texas manufacturing plants close amid the COVID-19 outbreak, the region's largest subset of manufacturers is continuing to pump out product. Dallas-Fort Worth is rife with defense contractors making everything from fighter jets to sophisticated sensor systems, and all contacted by the Dallas Business Journal for this story said production in their local facilities is continuing even as different government entities pass "shelter-in-place" orders for residents. "Airbus Helicopters Inc. is classified as an "essential business" as we provide critical products and services to or on behalf of the U.S. Army, U.S. Customs and Border Protection, the U.S. Coast Guard, state and local law enforcement agencies, emergency air medical service providers, and electrical power companies," said Airbus Helicopters Inc. spokesperson Erin Callender.
With a non-airline employment base already of some 6,000 on the airfield, Piedmont Triad International Airport is readying enough land to triple the aerospace presence.
The COVID-19 downturn is here. But companies like Textron Aviation and Bombardier Learjet might fare better than they did during the recession.
Bell is going up against rival Sikorsky for a lucrative Army contract — again. The U.S. Army announced Wednesday it was whittling down the competitors for the Future Attack Reconnaissance Aircraft, FARA, program from five to two, pitting Fort Worth-based Bell, part of Textron, Inc. (NYSE: TXT), up against Sikorsky, part of Lockheed Martin Corp. (NYSE: LMT). If Bell wins FARA, it could mean production of upwards of 500 aircraft and potentially billions of dollars in revenue.
Unfortunately for some shareholders, the Textron (NYSE:TXT) share price has dived 54% in the last thirty days. Indeed...
For small businesses, go to the Small Business Administration website. For those in the hospitality industry, go to the Kansas HIRE Fund site. Bombardier Inc. is planning furloughs to its Wichita workforce due to the impact of COVID-19 on its global operations.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
The company on Monday officially announced a milestone deal with the U.S. Air Force for its AT-6 attack aircraft.
Bell's V-280 tiltrotor is going head-to-head against the SB1 helicopter made by Sikorsky and Boeing.
After steep declines during the week, companies like Boeing, Spirit and Textron began to climb again to finish the week.
More than 80 percent of workers in those positions at the company will be eligible for retirement in the next five years.
Starbucks and aircraft maker Textron are among the investment-grade companies tipping their toes back into the corporate bond market to borrow funds, a day after shocks from plunging oil prices and the further spread of the coronavirus led to the worst one-day selloff in equities in more than a decade.
To the annoyance of some shareholders, Textron (NYSE:TXT) shares are down a considerable 39% in the last month. Indeed...
Concern over the coronavirus that causes the COVID-19 illness has canceled a major aviation event planned for Wichita. Textron Aviation, the locally based division of Textron Inc. (NYSE: NYSE) that builds Beechcraft and Cessna aircraft, announced Tuesday that it will not hold its annual customer conference due to the continued spread of the virus. “Given the evolving situation and recommendations to limit large gatherings, Textron Aviation is cancelling the 2020 Textron Aviation Customer Conference,” the company said in an emailed statement to attendees.
Southern Methodist University, Lockheed Martin, Raytheon and other DFW organizations won millions of dollars from the government last month.
The Army says it will pick two design finalists from the five design contenders and give the two winners $735 million each to build actual flyable prototypes over the next three years.