LONDON, February 25, 2015 /PRNewswire/ --
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Investor-Edge.com has issued free earnings review on Textron Inc. (NYSE: TXT). On January 28, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended January 03, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Textron&d=25-Feb-2015&s=TXT to read our free earnings review on Textron Inc. (Textron). During Q4 FY14, the company's income per share from continuing operations and total revenues grew 26.7% Y-o-Y and 16.8% Y-o-Y, respectively. Chairman and CEO of Textron, Scott C. Donnelly, stated that overall, the company had reported a strong Q4 FY14, with double digit revenue growth at Textron Aviation, Textron Systems and Industrial. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Textron&d=25-Feb-2015&s=TXT
Earnings Overview
For Q4 FY14, Textron's total revenues were $4.10 billion compared to $3.51 billion in Q4 FY13. The company's Q4 FY14 total revenues missed Bloomberg analysts' forecast of $4.30 billion. In Q4 FY14, Textron Aviation segment revenues improved to $1.52 billion from $923 million in Q4 FY13. The company's Bell segment revenues came in at $1.07 billion, slightly lower compared to $1.38 billion in Q4 FY13. Moreover, during the reported quarter, revenues from Textron Systems improved by $212 million Y-o-Y to $621 million, and revenues from its Industrial segment grew $89 million Y-o-Y to $862 million. Operationally, the company achieved year-over-year margin improvement in Q4 FY14 at Textron Aviation, Bell and Industrial and solid cash generation across all of its businesses, Mr. Donnelly commented. Free research on TXT can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Textron&d=25-Feb-2015&s=TXT
In Q4 FY14, Textron's income from continuing operations stood at $213 million, or $0.76 per diluted share, compared to $171 million, or $0.60 per diluted share, in Q4 FY13. Furthermore, the company's net income was $212 million, or $0.76 per diluted share, in Q4 FY14, up from $167 million, or $0.59 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected the company to report net income of $209 million, or $0.76 per diluted share, in Q4 FY14.
For FY14, Textron's total revenues were $13.88 billion compared to $12.10 billion in FY13. The company's FY14 total revenues missed Bloomberg analysts' expectation of $14.09 billion. During FY14, the company's manufacturing cash flow before pension contributions increased to $753 million from $256 million in FY13. Sign up and read the free analyst's notes on TXT at:
http://get.Investor-Edge.com/pdf/?c=Textron&d=25-Feb-2015&s=TXT
Textron reported income from continuing operations of $605 million, or $2.15 per diluted share, in FY14, compared to $498 million, or $1.75 per diluted share, in FY13. Additionally, the company's net income for FY14 increased to $600 million, or $2.13 per diluted share, from $498 million, or $1.75 per diluted share, in FY13. Analysts from Bloomberg had expected the company to report net income of $599 million, or $2.13 per diluted share, in FY14.
Mr. Donnelly said that FY14 was an important year as Textron made significant investments in both acquisitions and new product development to support the long-term growth of its businesses. He asserted that Textron's outlook for FY15 reflects the early benefits of those actions and that the company intends to continue making investments to support ongoing growth and create long-term shareholder value.
In its outlook for full-year FY15, Textron expects revenues of approximately $14.4 billion and earnings per share from continuing operations in the range of $2.30 to $2.50. Additionally, the company is anticipating cash flow from continuing operations of the manufacturing group before pension contributions will be in the range of $550 million to $650 million with planned pension contributions of about $80 million. Visit Investor-Edge and access the latest research on TXT at:
http://get.Investor-Edge.com/pdf/?c=Textron&d=25-Feb-2015&s=TXT
Stock Performance
On the day of the earnings release, January 28, 2015, shares of Textron ended the session at $41.99, up 1.50%. Since then, the stock has mostly witnessed a positive momentum. On the last close, Tuesday, February 24, 2015, the company's shares finished at $45.33 which is 0.94% above its previous day's closing price of $44.91. The stock vacillated between $44.80 and $45.61 during the session. A total of 1.19 million shares were traded which was below its three months average volume of 1.93 million shares. Over the last one month and previous three months, the company's shares have advanced 6.99% and 2.49%, respectively. Additionally, the stock has gained 15.67% over the past one year. Shares in Textron are trading above their 50-day and 200-day moving averages of $42.59 and $39.62, respectively. Furthermore, the stock traded at a PE ratio of 19.91 and has a Relative Strength Index (RSI) of 63.07.
Sneak Peek to Corporate Insider Trading
In the last one month, Textron has reported only one corporate insider transaction to the U.S. Securities and Exchange Commission (SEC). On February 01, 2015, Robert E. Lupone, Executive Vice President, General Counsel and Secretary at Textron, disposed 3,284 shares at a price of $42.56 per share and for a total value of $139,767. Complimentary in-depth research on TXT is available at:
http://get.Investor-Edge.com/pdf/?c=Textron&d=25-Feb-2015&s=TXT
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