Textron Inc. (NYSE:TXT) Aerospace/Defense Manufacturer, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.35 per share.
For the full year, analysts predict revenues of $ 11536.90 million, while looking forward to income of $ 1.58 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 14,000.00 million ~ $ 14,000.00 million, where as bottomline are predicted in a range of $ 3.50 ~ $ 3.70 per share
Click Here For More Historical Outlooks Of Textron Inc.
Previous Quarter Performance
Textron Inc. unwinded income for the second quarter of $ 0.13 per share, from the revenue of $ 2,472.00 million. The quarterly earnings shrunk 86.02 percent while revenues fell 23.40 percent compared with the same quarter last year.
According to street consensus, TXT was expected to report 2Q20 loss of $ 0.08 per share from revenue of $ 2347.12 million. The bottom line results beat street analysts by $ 0.21 or 262.50 percent, at the same time, top line results outshined analysts by $ 124.88 million or 5.32 percent.
Stock Performance
Shares of Textron Inc. traded low $ -0.86 or -2.61 percent on Wednesday, reaching $ 32.09 with volume of 2.19 million shares. Textron Inc. has traded high as $ 33.16 and has cracked $ 31.82 on the downward trend
According to the previous trading day, closing price of $ 32.09, representing a 62.64 % increase from the 52 week low of $ 20.26 and a 36.06 % decrease over the 52 week high of $ 51.53.
The company has a market capital of $ 7.32 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.02 per share on July 27, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 11, 2020 and ex-dividend date on September 10, 2020.
Conference Call
Textron Inc. will be hosting a conference call at 8:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.textron.com
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The companys Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.
