Honeywell International (NASDAQ:HON) Issues FY22 Earnings Guidance

Honeywell International (NASDAQ:HONGet Rating) updated its FY22 earnings guidance on Friday. The company provided EPS guidance of $8.50-$8.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.60. The company issued revenue guidance of $35.5-$36.4 billion, compared to the consensus revenue estimate of $36.03 billion.

Several equities analysts have commented on the stock. Citigroup dropped their price target on shares of Honeywell International from $264.00 to $248.00 in a research note on Friday, February 4th. Credit Suisse Group dropped their price target on shares of Honeywell International from $226.00 to $211.00 and set a neutral rating on the stock in a research note on Friday, February 4th. Mizuho dropped their price target on shares of Honeywell International from $245.00 to $235.00 and set a buy rating on the stock in a research note on Friday, February 4th. UBS Group lowered their target price on shares of Honeywell International from $237.00 to $220.00 and set a buy rating on the stock in a research report on Tuesday, February 15th. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $216.00 to $205.00 and set an equal weight rating on the stock in a research report on Monday, February 7th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $228.43.

NASDAQ:HON opened at $189.92 on Friday. The firm’s fifty day moving average price is $193.39 and its 200 day moving average price is $198.60. Honeywell International has a 1-year low of $174.42 and a 1-year high of $236.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.30 and a quick ratio of 1.04. The firm has a market cap of $130.19 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13.

Honeywell International (NASDAQ:HONGet Rating) last posted its quarterly earnings data on Friday, April 29th. The conglomerate reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Honeywell International had a net margin of 16.11% and a return on equity of 30.52%. The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the firm posted $1.92 EPS. Honeywell International’s quarterly revenue was down .9% on a year-over-year basis. As a group, analysts expect that Honeywell International will post 8.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 13th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 12th. Honeywell International’s dividend payout ratio (DPR) is currently 49.49%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Paradigm Financial Partners LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $290,000. SkyView Investment Advisors LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $41,000. Monolith Advisors purchased a new position in Honeywell International in the 4th quarter valued at approximately $40,000. Toroso Investments LLC increased its stake in Honeywell International by 167.0% in the 4th quarter. Toroso Investments LLC now owns 16,776 shares of the conglomerate’s stock valued at $3,498,000 after purchasing an additional 10,492 shares in the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in Honeywell International in the 4th quarter valued at approximately $528,000. Hedge funds and other institutional investors own 74.61% of the company’s stock.

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.

See Also

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

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