Equities analysts predict that Honeywell International Inc. (NYSE:HON) will report earnings of $1.84 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Honeywell International’s earnings, with estimates ranging from $1.84 to $1.85. Honeywell International reported earnings per share of $1.74 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The company is scheduled to issue its next earnings report before the market opens 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 fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $7.75 per share, with EPS estimates ranging from $7.69 to $7.80. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Honeywell International.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.75. Honeywell International had a net margin of 12.85% and a return on equity of 26.26%. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same period in the previous year, the business posted $1.60 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year.

A number of research analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating and set a $150.00 price target on shares of Honeywell International in a research note on Thursday, October 19th. Jefferies Group boosted their price target on shares of Honeywell International from $162.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Argus boosted their price target on shares of Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus dropped their price target on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $160.14.

Shares of Honeywell International (HON) traded up $1.15 during trading on Monday, hitting $159.07. 2,343,709 shares of the stock were exchanged, compared to its average volume of 3,282,633. Honeywell International has a twelve month low of $116.98 and a twelve month high of $159.49. 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 firm has a market capitalization of $120,390.00, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99.

Honeywell International declared that its Board of Directors has authorized a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $145.12, for a total transaction of $1,897,298.88. Following the transaction, the vice president now directly owns 104,998 shares in the company, valued at $15,237,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bradley T. Sheares sold 1,328 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $146.41, for a total transaction of $194,432.48. Following the transaction, the director now owns 4,002 shares in the company, valued at $585,932.82. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Honeywell International by 2.5% in the second quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock valued at $6,626,247,000 after purchasing an additional 1,234,672 shares during the last quarter. BlackRock Inc. grew its position in shares of Honeywell International by 2.8% in the second quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock valued at $6,003,117,000 after purchasing an additional 1,207,893 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Honeywell International by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 13,530,401 shares of the conglomerate’s stock valued at $1,918,100,000 after purchasing an additional 207,142 shares during the last quarter. FMR LLC grew its position in shares of Honeywell International by 9.3% in the second quarter. FMR LLC now owns 8,405,703 shares of the conglomerate’s stock valued at $1,120,396,000 after purchasing an additional 714,881 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Honeywell International by 9.1% in the second quarter. Alliancebernstein L.P. now owns 7,539,972 shares of the conglomerate’s stock valued at $1,005,003,000 after purchasing an additional 629,221 shares during the last quarter. Institutional investors own 76.36% of the company’s stock.

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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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Earnings History and Estimates for Honeywell International (NYSE:HON)

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