Zacks: Brokerages Expect Honeywell International Inc. (NASDAQ:HON) Will Post Earnings of $1.86 Per Share

Brokerages forecast that Honeywell International Inc. (NASDAQ:HON – Get Rating) will report earnings per share of $1.86 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Honeywell International’s earnings, with the lowest EPS estimate coming in at $1.82 and the highest estimate coming in at $1.91. Honeywell International reported earnings of $1.92 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.1%. The business is scheduled to report its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Honeywell International will report full year earnings of $8.57 per share for the current year, with EPS estimates ranging from $8.43 to $8.65. For the next fiscal year, analysts anticipate that the firm will post earnings of $9.66 per share, with EPS estimates ranging from $9.45 to $10.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Honeywell International.

Honeywell International (NASDAQ:HON – Get Rating) last released its earnings results on Thursday, February 3rd. The conglomerate reported $2.09 EPS for the quarter, beating the consensus estimate of $2.08 by $0.01. Honeywell International had a net margin of 16.11% and a return on equity of 30.52%. The firm had revenue of $8.66 billion for the quarter, compared to analyst estimates of $8.74 billion. During the same period last year, the firm earned $2.07 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year.

HON has been the topic of several recent research reports. Berenberg Bank assumed coverage on shares of Honeywell International in a report on Friday, January 14th. They set a “hold” rating and a $230.00 price objective on the stock. Citigroup dropped their price target on Honeywell International from $264.00 to $248.00 in a research note on Friday, February 4th. Wells Fargo & Company lowered their price objective on Honeywell International from $216.00 to $205.00 and set an “equal weight” rating for the company in a research report on Monday, February 7th. Mizuho reduced their price objective on Honeywell International from $245.00 to $235.00 and set a “buy” rating for the company in a report on Friday, February 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Honeywell International from $265.00 to $235.00 in a research report on Friday, February 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $229.36.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Honeywell International by 3.8% during the third quarter. BlackRock Inc. now owns 41,268,823 shares of the conglomerate’s stock worth $8,760,549,000 after purchasing an additional 1,506,663 shares during the period. Capital Research Global Investors boosted its holdings in shares of Honeywell International by 48.1% in the fourth quarter. Capital Research Global Investors now owns 3,137,611 shares of the conglomerate’s stock valued at $654,223,000 after buying an additional 1,018,445 shares during the period. Morgan Stanley boosted its holdings in shares of Honeywell International by 5.3% in the second quarter. Morgan Stanley now owns 12,135,673 shares of the conglomerate’s stock valued at $2,661,961,000 after buying an additional 613,394 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Honeywell International by 35.5% in the fourth quarter. 1832 Asset Management L.P. now owns 2,206,716 shares of the conglomerate’s stock worth $461,694,000 after purchasing an additional 578,168 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $114,243,000. 74.61% of the stock is currently owned by institutional investors.

Shares of HON stock opened at $190.16 on Monday. Honeywell International has a 12 month low of $174.42 and a 12 month high of $236.86. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $130.35 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.13. The firm has a fifty day simple moving average of $190.43 and a two-hundred day simple moving average of $205.18.

The company also recently declared a quarterly dividend, which was paid on Friday, March 11th. Investors of record on Friday, February 25th were paid a $0.98 dividend. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $3.92 dividend on an annualized basis and a yield of 2.06%. Honeywell International’s dividend payout ratio (DPR) is 49.49%.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems, as well as wireless connectivity and management services.

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