United Technologies Corp. (UTX) Updates FY13 Earnings Guidance
United Technologies Corp. (NYSE:UTX) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.10-6.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.16, AnalystRatings.Net reports. The company issued revenue guidance of $63 billion, compared to the consensus revenue estimate of $63.92 billion.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $113.33.
United Technologies Corp. (NYSE:UTX) opened at 107.62 on Tuesday. 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 $106.8 and a 200-day moving average of $99.85. The company has a market cap of $98.742 billion and a price-to-earnings ratio of 15.58.
United Technologies Corp. (NYSE:UTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.01. The company had revenue of $15.50 billion for the quarter, compared to the consensus estimate of $16.18 billion. During the same quarter last year, the company posted $1.37 earnings per share. United Technologies Corp.’s revenue was up 2.8% compared to the same quarter last year.
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.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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