Wall Street brokerages expect that Honeywell International Inc. (NYSE:HON) will report $10.77 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Honeywell International’s earnings. The lowest sales estimate is $10.54 billion and the highest is $10.92 billion. Honeywell International posted sales of $9.99 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.8%. The business is expected to announce its next earnings report before the market opens on Friday, January 26th.

On average, analysts expect that Honeywell International will report full year sales of $10.77 billion for the current year, with estimates ranging from $40.49 billion to $40.61 billion. For the next financial year, analysts expect that the business will report sales of $42.19 billion per share, with estimates ranging from $42.00 billion to $42.57 billion. Zacks Investment Research’s sales 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 issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.75. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $10.05 billion. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. Honeywell International’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share.

A number of analysts recently commented on the company. Royal Bank of Canada downgraded Honeywell International from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Argus increased their price target on Honeywell International from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Jefferies Group increased their price target on Honeywell International from $162.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Oppenheimer increased their price target on Honeywell International from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus decreased their price target on Honeywell International from $171.00 to $169.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $160.14.

Shares of Honeywell International (NYSE HON) traded down $1.18 on Wednesday, hitting $157.89. The company had a trading volume of 3,422,100 shares, compared to its average volume of 3,296,580. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $120,110.00, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99. Honeywell International has a one year low of $116.98 and a one year high of $159.85.

Honeywell International announced that its board has initiated a share buyback program on Friday, December 8th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, Director Bradley T. Sheares sold 1,328 shares of Honeywell International stock in a transaction on 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 $585,932.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Krishna Mikkilineni sold 13,074 shares of Honeywell International stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $145.12, for a total value of $1,897,298.88. Following the completion of the transaction, the vice president now owns 104,998 shares of the company’s stock, valued at $15,237,309.76. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HON. Burt Wealth Advisors boosted its stake in Honeywell International by 65.4% during the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after buying an additional 300 shares during the period. Guidant Wealth Advisors boosted its stake in Honeywell International by 15.8% during the second quarter. Guidant Wealth Advisors now owns 764 shares of the conglomerate’s stock valued at $102,000 after buying an additional 104 shares during the period. Mosaic Family Wealth LLC boosted its stake in Honeywell International by 11.4% during the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock valued at $102,000 after buying an additional 78 shares during the period. CKW Financial Group bought a new stake in Honeywell International during the second quarter valued at $108,000. Finally, Mascoma Wealth Management LLC boosted its stake in Honeywell International by 113.2% during the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the period. Institutional investors own 76.36% of the company’s stock.

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

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