Honeywell International Inc. (NASDAQ:HON) Expected to Post Quarterly Sales of $8.36 Billion

Wall Street brokerages predict that Honeywell International Inc. (NASDAQ:HONGet Rating) will post sales of $8.36 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Honeywell International’s earnings, with estimates ranging from $8.20 billion to $8.45 billion. Honeywell International reported sales of $8.45 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.1%. The company is expected to issue its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Honeywell International will report full-year sales of $36.09 billion for the current financial year, with estimates ranging from $35.90 billion to $36.27 billion. For the next financial year, analysts forecast that the firm will post sales of $38.50 billion, with estimates ranging from $38.01 billion to $39.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Honeywell International.

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

A number of equities research analysts recently issued reports on the company. Morgan Stanley dropped their target price on Honeywell International from $212.00 to $211.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 7th. Citigroup lowered their price target on Honeywell International from $264.00 to $248.00 in a research report on Friday, February 4th. Berenberg Bank assumed coverage on Honeywell International in a research report on Friday, January 14th. They set a “hold” rating and a $230.00 price target on the stock. Zacks Investment Research raised Honeywell International from a “sell” rating to a “hold” rating and set a $203.00 price target on the stock in a research report on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Honeywell International from $265.00 to $235.00 in a research report on Friday, February 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $228.43.

Several hedge funds have recently made changes to their positions in HON. BlackRock Inc. lifted its position in shares of Honeywell International by 3.8% during the 3rd quarter. BlackRock Inc. now owns 41,268,823 shares of the conglomerate’s stock worth $8,760,549,000 after buying an additional 1,506,663 shares during the last quarter. Capital Research Global Investors increased its holdings in Honeywell International by 48.1% in the 4th quarter. Capital Research Global Investors now owns 3,137,611 shares of the conglomerate’s stock worth $654,223,000 after purchasing an additional 1,018,445 shares in the last quarter. Morgan Stanley increased its holdings in Honeywell International by 5.3% in the 2nd quarter. Morgan Stanley now owns 12,135,673 shares of the conglomerate’s stock worth $2,661,961,000 after purchasing an additional 613,394 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Honeywell International by 35.5% in the 4th 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 acquired a new position in Honeywell International in the 4th quarter worth about $114,243,000. Institutional investors and hedge funds own 74.61% of the company’s stock.

Honeywell International stock traded up $0.34 during midday trading on Wednesday, reaching $195.19. The stock had a trading volume of 4,275,462 shares, compared to its average volume of 3,031,045. The firm’s fifty day simple moving average is $189.97 and its 200-day simple moving average is $204.51. Honeywell International has a 1-year low of $174.42 and a 1-year high of $236.86. The stock has a market capitalization of $133.80 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.30.

The business also recently announced a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Friday, February 25th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International’s payout ratio is 49.49%.

About Honeywell International (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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