Brokerages predict that Honeywell International Inc. (NYSE:HON) will report earnings of $1.88 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Honeywell International’s earnings. The highest EPS estimate is $1.90 and the lowest is $1.85. Honeywell International reported earnings of $1.85 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is scheduled to issue its next earnings report on Friday, January 25th.
According to Zacks, analysts expect that Honeywell International will report full-year earnings of $7.98 per share for the current fiscal year, with EPS estimates ranging from $7.95 to $8.00. For the next year, analysts expect that the firm will post earnings of $8.07 per share, with EPS estimates ranging from $7.55 to $8.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Honeywell International.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.04. Honeywell International had a return on equity of 33.69% and a net margin of 6.13%. The business had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter in the previous year, the business posted $1.75 EPS. Honeywell International’s revenue for the quarter was up 6.3% on a year-over-year basis.
Several research firms have recently weighed in on HON. Morgan Stanley began coverage on Honeywell International in a report on Monday, August 20th. They set an “overweight” rating and a $175.00 price objective on the stock. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. Credit Suisse Group cut their target price on Honeywell International from $170.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 23rd. Barclays boosted their target price on Honeywell International from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Finally, $1 restated an “outperform” rating and issued a $177.00 target price (down previously from $184.00) on shares of Honeywell International in a research note on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $172.90.
Shares of NYSE:HON traded down $0.23 during trading on Friday, hitting $150.32. 2,378,427 shares of the company’s stock traded hands, compared to its average volume of 4,100,793. Honeywell International has a 52 week low of $139.30 and a 52 week high of $167.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20. The stock has a market capitalization of $111.19 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.82 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 15th. This represents a $3.28 annualized dividend and a yield of 2.18%. Honeywell International’s payout ratio is presently 41.91%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Honeywell International by 1.9% during the 3rd quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock worth $969,984,000 after purchasing an additional 110,894 shares during the last quarter. Swiss National Bank increased its position in shares of Honeywell International by 7.1% during the 2nd quarter. Swiss National Bank now owns 2,486,373 shares of the conglomerate’s stock worth $358,162,000 after purchasing an additional 164,400 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Honeywell International by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,393,426 shares of the conglomerate’s stock worth $393,838,000 after purchasing an additional 29,782 shares during the last quarter. AGF Investments Inc. increased its position in shares of Honeywell International by 9.7% during the 2nd quarter. AGF Investments Inc. now owns 2,267,571 shares of the conglomerate’s stock worth $326,644,000 after purchasing an additional 201,003 shares during the last quarter. Finally, Investec Asset Management LTD increased its position in shares of Honeywell International by 5.9% during the 2nd quarter. Investec Asset Management LTD now owns 2,174,351 shares of the conglomerate’s stock worth $313,215,000 after purchasing an additional 120,784 shares during the last quarter. Hedge funds and other institutional investors own 71.42% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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