Wall Street analysts expect Honeywell (NYSE:HON) to announce $2.00 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Honeywell’s earnings, with the highest EPS estimate coming in at $2.03 and the lowest estimate coming in at $1.97. Honeywell reported earnings per share of $1.80 during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is expected to issue its next quarterly earnings report on Friday, July 20th.
According to Zacks, analysts expect that Honeywell will report full year earnings of $8.02 per share for the current fiscal year, with EPS estimates ranging from $7.91 to $8.05. For the next financial year, analysts expect that the company will post earnings of $8.79 per share, with EPS estimates ranging from $8.65 to $8.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Honeywell.
Honeywell (NYSE:HON) last announced its earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, topping the consensus estimate of $1.89 by $0.06. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Honeywell had a return on equity of 29.25% and a net margin of 4.26%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share.
Several analysts have recently commented on HON shares. Zacks Investment Research cut Honeywell from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Barclays raised their price target on Honeywell from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, April 23rd. TheStreet cut Honeywell from an “a+” rating to a “c+” rating in a report on Friday, January 26th. ValuEngine upgraded Honeywell from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, UBS assumed coverage on Honeywell in a report on Monday, January 22nd. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Honeywell currently has an average rating of “Buy” and a consensus price target of $167.53.
Shares of HON stock traded up $2.15 during trading hours on Monday, hitting $150.49. 2,447,423 shares of the company’s stock were exchanged, compared to its average volume of 3,096,686. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.36. The stock has a market capitalization of $110.80 billion, a PE ratio of 21.17, a PEG ratio of 1.98 and a beta of 0.98. Honeywell has a 52 week low of $131.35 and a 52 week high of $165.13.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Friday, May 18th will be issued a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 17th. Honeywell’s dividend payout ratio is 41.91%.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now owns 41,092 shares in the company, valued at $6,425,145.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. We Are One Seven LLC bought a new position in Honeywell during the fourth quarter worth about $199,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Honeywell by 2.1% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 107,484 shares of the conglomerate’s stock worth $15,333,000 after purchasing an additional 2,192 shares during the period. Rothschild Asset Management Inc. raised its position in shares of Honeywell by 2,358.6% during the third quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock worth $48,115,000 after purchasing an additional 325,653 shares during the period. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Honeywell during the fourth quarter worth about $746,000. Finally, Employees Retirement System of Texas raised its position in shares of Honeywell by 12.9% during the fourth quarter. Employees Retirement System of Texas now owns 203,300 shares of the conglomerate’s stock worth $31,178,000 after purchasing an additional 23,300 shares during the period. Hedge funds and other institutional investors own 74.46% of the company’s stock.
Honeywell 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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