United Technologies Corp. (UTX) Scheduled to Post Earnings on Tuesday
United Technologies Corp. (NYSE:UTX) is scheduled to be releasing its Q313 earnings data on Tuesday, October 22nd. Analysts expect United Technologies Corp. to post earnings of $1.54 per share and revenue of $16.18 billion for the quarter. United Technologies Corp. has set its FY13 guidance at $6.00-6.15 EPS.
United Technologies Corp. (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.
United Technologies Corp. (NYSE:UTX) traded down 0.43% on Monday, hitting $107.28. The stock had a trading volume of 1,561,964 shares. United Technologies Corp. has a 1-year low of $74.44 and a 1-year high of $112.46. The stock’s 50-day moving average is $106. and its 200-day moving average is $99.65. The company has a market cap of $98.430 billion and a price-to-earnings ratio of 15.60.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, November 13th. This is an increase from United Technologies Corp.’s previous quarterly dividend of $0.54.
A number of analysts have recently weighed in on UTX shares. Analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. in a research note to investors on Friday. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of United Technologies Corp. in a research note to investors on Wednesday, October 2nd. They now have a $118.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. United Technologies Corp. presently has an average rating of “Buy” and an average price target of $113.33.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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