Brokerages Expect Honeywell International Inc. (NASDAQ:HON) to Announce $2.04 EPS

Brokerages predict that Honeywell International Inc. (NASDAQ:HONGet Rating) will report earnings of $2.04 per share for the current quarter, Zacks reports. Six analysts have made estimates for Honeywell International’s earnings. The lowest EPS estimate is $1.96 and the highest is $2.10. Honeywell International reported earnings per share of $2.02 during the same quarter last year, which suggests a positive year over year growth rate of 1%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Honeywell International will report full-year earnings of $8.55 per share for the current financial year, with EPS estimates ranging from $8.43 to $8.65. For the next fiscal year, analysts forecast that the firm will report earnings of $9.64 per share, with EPS estimates ranging from $9.45 to $9.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Honeywell International.

Honeywell International (NASDAQ:HONGet Rating) last posted its quarterly earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.05. Honeywell International had a net margin of 16.11% and a return on equity of 30.52%. The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the firm posted $1.92 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis.

A number of research analysts have recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. StockNews.com assumed coverage on shares of Honeywell International in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $265.00 to $235.00 in a research report on Friday, February 4th. Morgan Stanley cut their price objective on shares of 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. Finally, Citigroup lifted their price objective on shares of Honeywell International from $229.00 to $232.00 in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $227.14.

Honeywell International stock opened at $193.51 on Monday. The firm’s 50-day moving average is $193.36 and its 200-day moving average is $198.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.30. Honeywell International has a 1 year low of $174.42 and a 1 year high of $236.86. The company has a market cap of $132.65 billion, a P/E ratio of 25.70, a PEG ratio of 2.35 and a beta of 1.13.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 13th will be given a dividend of $0.98 per share. The ex-dividend date is Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.03%. Honeywell International’s dividend payout ratio (DPR) is 52.06%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Honeywell International by 24.9% in the 4th quarter. Fisher Asset Management LLC now owns 186,654 shares of the conglomerate’s stock worth $38,919,000 after purchasing an additional 37,270 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $134,000. NN Investment Partners Holdings N.V. increased its position in shares of Honeywell International by 10.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 37,444 shares of the conglomerate’s stock worth $7,807,000 after acquiring an additional 3,400 shares in the last quarter. Clark Capital Management Group Inc. increased its position in shares of Honeywell International by 2.2% in the third quarter. Clark Capital Management Group Inc. now owns 132,274 shares of the conglomerate’s stock worth $28,079,000 after acquiring an additional 2,894 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Honeywell International by 65.2% in the third quarter. First Horizon Advisors Inc. now owns 49,667 shares of the conglomerate’s stock worth $11,078,000 after acquiring an additional 19,610 shares in the last quarter. 74.27% of the stock is currently owned by institutional investors.

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

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