Honeywell International Inc. (NYSE:HON) Expected to Announce Quarterly Sales of $9.83 Billion
Equities research analysts forecast that Honeywell International Inc. (NYSE:HON) will announce sales of $9.83 billion for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Honeywell International’s earnings. The lowest sales estimate is $9.71 billion and the highest is $9.89 billion. Honeywell International posted sales of $9.99 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.6%. The firm is expected to announce its next quarterly earnings results before the market opens on Friday, July 21st.
On average, analysts expect that Honeywell International will report full-year sales of $9.83 billion for the current financial year, with estimates ranging from $39.11 billion to $39.61 billion. For the next financial year, analysts expect that the business will post sales of $41.12 billion per share, with estimates ranging from $40.53 billion to $42.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Honeywell International.
Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Honeywell International had a net margin of 12.43% and a return on equity of 26.58%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.33 billion. During the same period last year, the firm posted $1.56 EPS. Honeywell International’s quarterly revenue was down .3% on a year-over-year basis.
HON has been the subject of a number of recent research reports. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Credit Suisse Group restated a “hold” rating and set a $122.00 price objective on shares of Honeywell International in a research note on Friday, April 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $148.00 price objective on shares of Honeywell International in a research note on Tuesday, April 25th. Morgan Stanley restated an “overweight” rating and set a $141.00 price objective (up from $137.00) on shares of Honeywell International in a research note on Thursday, June 22nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $141.00 price objective on shares of Honeywell International in a research note on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International currently has an average rating of “Buy” and a consensus price target of $135.81.
Honeywell International (HON) traded up 0.30% during trading on Friday, reaching $135.73. 871,314 shares of the company were exchanged. The stock has a market capitalization of $103.47 billion, a PE ratio of 21.37 and a beta of 0.95. Honeywell International has a 52-week low of $105.25 and a 52-week high of $135.90. The firm’s 50 day moving average is $133.12 and its 200 day moving average is $125.43.
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In related news, CFO Thomas A. Szlosek sold 36,080 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $131.16, for a total transaction of $4,732,252.80. Following the completion of the transaction, the chief financial officer now owns 2,160 shares of the company’s stock, valued at $283,305.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark R. James sold 116,441 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $130.47, for a total value of $15,192,057.27. Following the transaction, the senior vice president now directly owns 240,826 shares of the company’s stock, valued at approximately $31,420,568.22. The disclosure for this sale can be found here. Insiders have sold 1,253,667 shares of company stock valued at $164,049,416 in the last ninety days. Company insiders own 1.56% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. boosted its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares in the last quarter. Addison Capital Co boosted its position in shares of Honeywell International by 0.3% in the second quarter. Addison Capital Co now owns 2,643 shares of the conglomerate’s stock valued at $352,000 after buying an additional 7 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in shares of Honeywell International by 0.3% in the first quarter. Weatherly Asset Management L. P. now owns 2,496 shares of the conglomerate’s stock valued at $312,000 after buying an additional 8 shares in the last quarter. Keel Point LLC boosted its position in shares of Honeywell International by 0.3% in the first quarter. Keel Point LLC now owns 3,487 shares of the conglomerate’s stock valued at $435,000 after buying an additional 10 shares in the last quarter. Finally, Hudock Capital Group LLC boosted its position in shares of Honeywell International by 0.3% in the first quarter. Hudock Capital Group LLC now owns 4,027 shares of the conglomerate’s stock valued at $502,000 after buying an additional 14 shares in the last quarter. 76.31% of the stock is owned by institutional investors and hedge funds.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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