United Technologies Corp. (UTX) Issues FY13 Earnings Guidance
United Technologies Corp. (NYSE:UTX) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $6.00-6.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.15, Analyst Ratings Network reports. The company issued revenue guidance of ~$64 billion, compared to the consensus revenue estimate of $63.95 billion.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of United Technologies Corp. (NYSE:UTX) from $114.00 to $120.00 in a research note to investors on Monday. They now have an outperform rating on the stock. On a related note, analysts at TheStreet reiterated a buy rating on shares of United Technologies Corp. (NYSE:UTX) in a research note to investors on Wednesday, September 25th. Finally, analysts at TheStreet reiterated a buy rating on shares of United Technologies Corp. (NYSE:UTX) in a research note to investors on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $113.17.
Shares of United Technologies Corp. (NYSE:UTX) traded down 0.73% during mid-day trading on Tuesday, hitting $107.03. The stock had a trading volume of 3,495,863 shares. United Technologies Corp. has a 52-week low of $74.44 and a 52-week high of $112.46. The stock has a 50-day moving average of $105.5 and a 200-day moving average of $98.5. The company has a market cap of $98.201 billion and a P/E ratio of 15.61.
United Technologies Corp. (NYSE:UTX) last released its earnings data on Tuesday, July 23rd. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.58 by $0.07. The company had revenue of $16.00 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the company posted $1.58 earnings per share. United Technologies Corp.’s revenue was up 15.9% compared to the same quarter last year. Analysts expect that United Technologies Corp. will post $6.15 EPS for the current fiscal year.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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