For its second fiscal quarter (ending June 30), Textron Inc (NYSE: TXT) has reported a 3% increase in E.P.S. from $1.31 a year ago to $1.35 in the current quarter. However, this result fell short of the consensus estimate of $1.47 by $-0.12. For the latest four quarters through June 30, E.P.S. were $4.77 versus $4.38 for the same period a year ago — an increase of 9%.
Recent Price Action
On 7/18/24, Textron Inc (NYSE: TXT) stock rose modestly by 0.6%, closing at $92.62. Moreover, this advance was accompanied by exceptionally high trading volume at 205% of normal. Relative to the market the stock has been strong over the last nine months and has risen 7.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TXT is expected to continue to be a major Value Builder.
Textron has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Textron has a neutral Appreciation Score of 49 but a good Power Rating of 78, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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