Textron (TXT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of Cessna small planes and Bell helicopters have returned +3.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Aerospace - Defense industry, to which Textron belongs, has lost 6.8% over this period. Now the key question is: Where could the stock be headed in the near ter ...

The latest trading session saw Textron (TXT) ending at $96.31, denoting a -0.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Prior to today's trading, shares of the maker of Cessna small planes and Bell helicopters had gained 5.63% over the past month. This has outpaced the Aerospace sector's loss of 3.76% and the S&P 500's gain of 1.65% in that time.Market participant ...

Core Viewpoint - Textron (TXT) has shown strong stock performance, with a 5.6% increase over the past month and a 20.6% gain since the start of the year, outperforming the Zacks Aerospace sector and the Aerospace-Defense industry [1] Financial Performance - Textron reported EPS of $1.6 in its last earnings report, exceeding the consensus estimate of $1.53, although it missed the revenue estimate by 0.65% [2] - For the current fiscal year, Textron is projected to achieve earnings of $6.27 per share on revenues of $14.64 billion, reflecting a 12.16% increase in EPS and a 6.99% increase in revenues [2] - The next fiscal year forecasts earnings of $6.95 per share on $15.6 billion in revenues, indicating a year-over-year change of 10.85% in EPS and 6.59% in revenues [2] Valuation Metrics - Textron's stock trades at 15.5X current fiscal year EPS estimates, below the peer industry average of 18.5X, and at 12.5X trailing cash flow compared to the peer group's average of 12.9X [4] - The stock has a PEG ratio of 1.53, which does not place it among the top echelon of stocks from a value perspective [4] Zacks Rank - Textron holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, making it a suitable choice for investors looking for stocks with strong potential [5] Industry Comparison - Leidos Holdings, Inc. (LDOS) is a notable peer with a Zacks Rank of 2 (Buy) and similar value and growth scores, indicating a competitive position within the industry [6] - The Aerospace-Defense industry is performing well, ranking in the top 40% of all industries, suggesting favorable conditions for both Textron and its peers [6]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Textron (TXT) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this maker of Cessna small planes and Bell helicopters has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.95%, on average, in the last two quarters.For t ...

Group 1 - Textron (TXT) has a year-to-date return of 17.3%, significantly outperforming the average return of 0.2% for Aerospace companies [2][3] - The Zacks Consensus Estimate for Textron's full-year earnings has increased by 8% over the past quarter, indicating improving analyst sentiment [2] - Textron holds a Zacks Rank of 2 (Buy), suggesting a positive earnings outlook [1][2] Group 2 - Textron is part of the Aerospace - Defense industry, which has an average year-to-date loss of 2.6%, further highlighting Textron's strong performance [3] - VirTra, Inc. (VTSI) is another Aerospace stock that has outperformed the sector with a return of 58.6% this year [2][3] - The consensus EPS estimate for VirTra has increased by 22.9% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [2]

Core Viewpoint - Textron Inc. (TXT) presents a strong investment opportunity in the Aerospace Defense sector, supported by a robust backlog and increasing earnings estimates [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for TXT's 2024 earnings per share (EPS) has risen by 8.66% to $6.27 per share over the past 60 days [2] - The total revenue estimate for Textron in 2024 is $14.64 billion, reflecting a year-over-year growth of 6.99% [2] - The company's earnings growth over the next three to five years is projected at 10.12%, with an average earnings surprise of 13.53% in the last four quarters [2] Return on Equity - Textron's return on equity (ROE) stands at 16.05%, significantly higher than the industry average of 10.51%, indicating more efficient use of funds compared to peers [3] Rising Backlog and Capital Expenditure - Textron's backlog reached $14 billion at the end of Q4 2023, with the Aviation segment contributing $7.2 billion, an increase of $782 million from the previous year [4] - The company plans a capital expenditure of $425 million for 2024, up 5.7% from $402 million in 2023 [4] Solvency and Liquidity Ratio - The times interest earned (TIE) ratio for Textron at the end of Q4 2023 was 15.1, indicating strong capability to meet interest obligations [5] - The current ratio was 1.92, suggesting the company can comfortably meet its short-term liabilities [5] Price Performance - Over the past three months, TXT shares have increased by 16.4%, contrasting with an average decline of 6.7% in the industry [6]

Have you been paying attention to shares of Textron (TXT) ? Shares have been on the move with the stock up 8.7% over the past month. The stock hit a new 52-week high of $93.71 in the previous session. Textron has gained 15.8% since the start of the year compared to the -2% move for the Zacks Aerospace sector and the -4.6% return for the Zacks Aerospace - Defense industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus ...

Textron Inc.’s (TXT) business unit, Textron Aviation, recently secured an award for the delivery of two Cessna Grand Caravan EX turboprop aircraft. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL.The aircraft will be owned and operated by the Djiboutian Air Force.What’s Favoring Textron?Nations are reinforcing their military capabilities to strengthen their defense structure in a growing threat environment and aircraft operators are planning network expansions. In this ...

Textron Inc.’s (TXT) business unit, Bell, recently secured a contract involving the AH-1Z helicopters. The award has been offered by the Naval Air Systems Command Patuxent River, MD.Details of the DealValued at $455 million, the contract is expected to be completed by July 2028. Per the terms of the deal, TXT’s Bell unit will manufacture and supply 12 AH-1Z helicopters to the government of Nigeria. Along with this, it will also provide associated engineering, program management and logistics support, and no ...

Group 1 - Textron Aviation has been awarded a contract by the U.S. Army for two Cessna Grand Caravan EX turboprop aircraft, which will be operated by the Djiboutian Air Force [1][2] - This acquisition is part of a larger indefinite delivery, indefinite quantity (IDIQ) contract that allows for up to $100 million in aircraft acquisitions over five years [1][2] - The Cessna Grand Caravan EX is designed for various missions, including Intelligence, Surveillance, and Reconnaissance, and has a proven track record with over 3,000 aircraft delivered globally [3][4] Group 2 - The Cessna Grand Caravan EX features 867 horsepower and a climb rate of 1,275 feet per minute, making it suitable for diverse operational needs [3] - The IDIQ contract facilitates rapid procurement of Commercial off the Shelf (COTS) aircraft for U.S. allies, enhancing national security and foreign policy interests [2] - Textron Aviation's products are recognized for their quality, versatility, and low operating costs, making them a preferred choice for special missions [4][5] Group 3 - Textron Aviation has a comprehensive aviation product portfolio, including business jets, turboprops, and military trainers, serving customers in over 170 countries [5][7] - The company has a legacy of over 95 years in the aviation industry, emphasizing performance, reliability, and customer service [5][7]