Analysts Anticipate Honeywell International Inc. (HON) to Post $1.84 EPS
Equities analysts expect Honeywell International Inc. (NYSE:HON) to post earnings per share (EPS) of $1.84 for the current quarter, according to Zacks. Eight analysts have provided estimates for Honeywell International’s earnings, with estimates ranging from $1.84 to $1.85. Honeywell International reported earnings per share of $1.74 in the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The company is scheduled to issue its next earnings report on Friday, January 26th.
According to Zacks, analysts expect that Honeywell International will report full year earnings of $7.10 per share for the current year, with EPS estimates ranging from $7.10 to $7.11. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.76 per share, with EPS estimates ranging from $7.69 to $7.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Honeywell International.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, hitting analysts’ consensus estimates of $1.75. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 earnings per share.
In related news, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at approximately $15,237,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total value of $194,432.48. Following the completion of the transaction, the director now directly owns 4,002 shares in the company, valued at approximately $585,932.82. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after buying an additional 1,234,672 shares in the last quarter. BlackRock Inc. lifted its holdings in Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 1.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock worth $1,918,100,000 after purchasing an additional 207,142 shares during the last quarter. FMR LLC lifted its holdings in Honeywell International by 9.3% in the 2nd quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock worth $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Honeywell International by 9.1% in the 2nd quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock worth $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Honeywell International (NYSE HON) traded down $0.45 during midday trading on Tuesday, hitting $153.21. 3,623,600 shares of the company were exchanged, compared to its average volume of 2,708,790. Honeywell International has a fifty-two week low of $113.60 and a fifty-two week high of $156.70. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $117,061.69, a PE ratio of 22.11, a P/E/G ratio of 2.36 and a beta of 0.99.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a $0.745 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.98 dividend on an annualized basis and a yield of 1.95%. This is a boost from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s dividend payout ratio (DPR) is currently 45.15%.
Honeywell International declared that its Board of Directors has authorized a share buyback program on Friday, December 8th that authorizes the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
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About Honeywell International
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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