|Bid||44.04 x 120000|
|Ask||44.46 x 120000|
|Day's Range||43.60 - 43.60|
|52 Week Range||39.43 - 63.00|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||8.69|
|Forward Dividend & Yield||0.07 (0.16%)|
|1y Target Est||N/A|
Textron beat Wall Street earnings estimates and raised full-year earnings guidance. So why is the stock down 5%? Sales were much weaker than expected.
Aerospace and defense stocks have outpaced the market year to date and investors will look for strong earning from contractors over the coming weeks.
"We continue to coordinate closely with the Federal Aviation Administration as our engineer group works to complete the underlying documentation that is required under the FAA's design assurance process," Chief Executive Officer Scott Donnelly said.
Revenue declined modestly in Textron Systems, Bell and Industrial units, which was partly offset by a 12% jump in the core aviation segment, the company said. Textron CEO Scott Donnelly credited strong performance from the company's aviation and Bell helicopter production segments for the results, while the company's systems and industrials business underperformed compared with the same quarter last year. For 2019, Textron reiterated its per-share earnings guidance, saying it expects earnings from continuing operations in the range of $3.55 to $3.75.
Business jet demand has been growing steadily in the United States, the world's biggest market, on the back of an expanding economy and rising corporate profits. Textron said it delivered 44 jets in the first quarter ended March 30, up from 36 last year. "We think this quarter has pretty much ticked all the boxes for Textron.
Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the second quarter of 2019, after it was delayed for several months. The company is expecting major ...
On a per-share basis, the Providence, Rhode Island-based company said it had net income of 76 cents. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment ...
A dual-rotor concept to improve helicopter performance achieved first flight more than a year after originally planned. Will the design live up to its promise?
Textron Inc (NYSE:TXT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.