During the recent session, Textron Inc. (NYSE:TXT)’s traded shares were 2.86 million, with the beta value of the company hitting 1.29. At the last check today, the stock’s price was $83.90, reflecting an intraday loss of -10.75% or -$10.11. The 52-week high for the TXT share is $97.33, that puts it down -16.01 from that peak though still a striking 26.97% gain since the share price plummeted to a 52-week low of $61.27. The company’s market capitalization is $16.14B, and the average trade volume was 1.13 million shares over the past three months.
Textron Inc. (NYSE:TXT) trade information
Textron Inc. (TXT) registered a -10.75% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.75% in intraday trading to $83.90, hitting a weekly high. The stock’s 5-day price performance is -9.38%, and it has moved by -12.57% in 30 days. Based on these gigs, the overall price performance for the year is 24.85%.
Textron Inc. (TXT) estimates and forecasts
Statistics show that Textron Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Textron Inc. (TXT) shares have gone up 11.82% during the last six months, with a year-to-date growth rate less than the industry average at 12.16% against 14.10. In the rating firms’ projections, revenue will increase 7.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.29B as predicted by 13 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 3.61B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.11B and 3.42B respectively. In this case, analysts expect current quarter sales to grow by 5.90% and then jump by 5.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1.11%. While earnings are projected to return 12.84% in 2024, the next five years will return 17.50% per annum.
TXT Dividends
Textron Inc. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Textron Inc. is 0.08, with the dividend yield indicating at 0.10 percent, continuing the trend of increasing dividends in recent years.
