United Technologies Corp. (UTX) Releases Quarterly Earnings Results
United Technologies Corp. (NYSE:UTX) issued its quarterly earnings data on Wednesday. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.06, ARN reports. The company had revenue of $16.80 billion for the quarter, compared to the consensus estimate of $17.09 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of United Technologies Corp. in a research note to investors on Thursday, January 16th. They now have a $121.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. downgraded shares of United Technologies Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $125.00 price target on the stock, up previously from $124.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. in a research note to investors on Sunday, January 5th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.09.
Shares of United Technologies Corp. (NYSE:UTX) opened at 114.99 on Wednesday. United Technologies Corp. has a one year low of $86.81 and a one year high of $115.98. The stock has a 50-day moving average of $111.5 and a 200-day moving average of $107.1. The company has a market cap of $105.5 billion and a P/E ratio of 16.50.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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