Textron Inc. (NYSE:TXT) Updates On Dividend Release Date


On 2016-07-27, Textron Inc. (NYSE:TXT) confirmed the dividend disbursement of $0.02 a share to shareholders as on record 2016-09-09. The firm will release dividend on 2016-10-01 while ex-dividend date is reported to be 2016-09-07.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Textron Inc. (NYSE:TXT) paid a total of $0.02 per share in dividends. This figure stood at $0.02 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $45.833 on the stock. This figure is the average of recommendations offered by 6 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $51 and $38, respectively.

Taking the mathematical rating formula, the price for Textron Inc. (NYSE:TXT) stands at 1.91. Earnings Review Textron Inc. (NYSE:TXT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-25. For the period ending on 2016-09-30, experts are expecting EPS of $0.65.

Coming to the quarter ending on 2015-12-31, Textron Inc. (NYSE:TXT) recorded EPS of $0.66. The reported numbers came lower than the analysts’ estimates of $0.63, demonstrating a miss of $0.03 as against reported figures.

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