Cowen Expects Textron (TXT) to Beat 4Q EPS by >5%

January 5, 2022 7:10 AM EST
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Price: $60.70 -3.08%

Rating Summary:
    16 Buy, 5 Hold, 0 Sell

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Cowen analyst Cai Von Rumohr reiterated an Outperform rating and $95.00 price target on Textron (NYSE: TXT) seeing a greater than 5% EPS beat ahead in the coming earnings report. Additionally, he sees potential for a large share buyback.

The analyst stated "We see Q4 EPS of $1.00 vs. Street's 95ยข, driven by seasonal lift at Aviation and Q/Q uptick at Industrial but lower results at Bell (military off) and Systems (Afghan pullout hits fee-forservice ops). FCF should be seasonally strong (112% conversion), suggesting repo near Q3's record $299MM (4.2MM shares). We also expect upbeat bizjet "color" and reit of a FLRAA downselect decision in Q2:22."

For an analyst ratings summary and ratings history on Textron click here. For more ratings news on Textron click here.

Shares of Textron closed at $77.69 yesterday.

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