For its third fiscal quarter (ending September 30), Textron Inc (NYSE: TXT) has reported a -12% decline in E.P.S. from $1.36 a year ago to $1.19 in the current quarter. E.P.S. were $4.63 for the latest four quarters through September 30 versus $4.67 for the same period a year ago — a decline of -1%.
Recent Price Action
Textron Inc (NYSE: TXT) stock suffered a large decline of -6.2% on 10/24/24. The stock closed at $81.49. Moreover, exceptionally high trading volume at 323% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -7.0% 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 C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Textron has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 61, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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