Q2 2022 EPS Estimates for Honeywell International Inc. (NASDAQ:HON) Boosted by William Blair

Honeywell International Inc. (NASDAQ:HONGet Rating) – Stock analysts at William Blair lifted their Q2 2022 earnings per share (EPS) estimates for shares of Honeywell International in a research note issued to investors on Monday, May 2nd. William Blair analyst N. Heymann now anticipates that the conglomerate will earn $2.02 per share for the quarter, up from their prior estimate of $1.96. William Blair also issued estimates for Honeywell International’s Q4 2022 earnings at $2.42 EPS.

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, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.29 billion. Honeywell International had a net margin of 15.30% and a return on equity of 30.04%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share.

Several other brokerages have also recently commented on HON. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Honeywell International from $243.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. TheStreet cut shares of Honeywell International from a “b” rating to a “c+” rating in a research note on Friday, April 29th. JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $265.00 to $235.00 in a research note on Friday, February 4th. Berenberg Bank initiated coverage on shares of Honeywell International in a research note on Friday, January 14th. They issued a “hold” rating and a $230.00 price target for the company. Finally, Citigroup boosted their price target on shares of Honeywell International from $229.00 to $232.00 in a research note on Monday. 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, Honeywell International has an average rating of “Hold” and a consensus target price of $227.14.

Shares of NASDAQ:HON opened at $205.85 on Thursday. The company has a 50 day moving average of $193.75 and a 200 day moving average of $197.96. The stock has a market cap of $140.13 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.37 and a beta of 1.06. 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 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66.

Several institutional investors have recently made changes to their positions in the company. Evolution Advisers Inc. bought a new stake in Honeywell International during the 4th quarter valued at $26,000. TFO TDC LLC bought a new stake in Honeywell International during the 1st quarter valued at $30,000. Rather & Kittrell Inc. bought a new stake in Honeywell International during the 4th quarter valued at $32,000. FSB Premier Wealth Management Inc. bought a new stake in Honeywell International during the 4th quarter valued at $33,000. Finally, St. James Investment Advisors LLC bought a new stake in Honeywell International during the 4th quarter valued at $34,000. 74.27% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 13th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.90%. Honeywell International’s dividend payout ratio (DPR) is 52.06%.

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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